Do you know the value of your assets? . . .


. . . we can help you with that question.



Medical & Hospital Equipment Appraisals


- Services Available Statewide in Indiana -


Telephone (317) 216-8601 or (800) 373-1210


Fax (800) 229-5143 or (317) 216-5584


Click Here to Email Us at 24/7 for a Free Consultation


We provide appraisals of various types of medical & hospital equipment.  This includes treatment room items, patient room items, waiting room items, diagnostic equipment, imaging equipment, and surgical equipment.


Appraisals of machinery & equipment and business personal property are ordered for a variety of reasons. Some of these situations may include.

● Accounting & Financial Reporting

● Acquisitions & Mergers

● Buy / Sell Agreements
● Corporate Planning
● Divestitures
● Estate Planning Matters

● Estate Tax Matters

● Financing / Loan Collateral
● Gift Tax Matters


Depending upon the situation surrounding the need for the appraisal. The value concept researched and estimated may be one of the following.

● Fair Value
● Fair Market Value
● Fair Market Value-Installed
● Fair Market Value-Removed
● Fair Market Value in Continued Use
● Liquidation Value in Place
● Orderly Liquidation Value
● Forced Liquidation Value


USPAP Compliant, Competent & Certified
Our professionals are USPAP (Uniform Standards of Professional Appraisal Practice) compliant , competent and certified.  Team members have taken machinery & equipment appraisal courses through recognized organizations including the Amercian Society of Appraisers.  Various team members hold certifications from recognized professional organizations.   Team member have developed competency in the property type they analyze & service provided.  All reports are certified by an accredited individual.

The education and experience of our team members exceeds the voluntary "Appraiser Minimum Qualification Criteria" adopted by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation for each respective area of practice.  Since we are USPAP (Uniform Standards of Professional Appraisal Practice) certified, our reports are completed in accordance with these guidelines.  We are required to re-certify in USPAP content on a periodic schedule.

Qualifications of Principal
The principal of Schreiner Valuation Resources LLC is Bill Schreiner.  Mr. Schreiner has over twenty-eight (28) years of diverse experience in the appraisal, valuation, and consulting professions.  Mr. Schreiner's machinery & equipment appraisal experience to date includes valuation of entire plants and individual assets from numerous industries.  Including extensive experience in the valuation of medical and hospital equipment.  A brief listing of his qualifications are noted below.  A more detailed CV is available upon request.


Bill Schreiner

●  CAGA Certified Member Designation in the personal property discipline from the Certified Appraisers Guild of America.

●  Machinery & equipment appraisal education includes the following.

     - American Society of Appraisers, Washington, DC.

        Course ME 201 Introduction to Machinery & Equipment Valuation.

        Course ME 202 Machinery & Equipment Valuation Methodology.

     - University of British Columbia, Sauder School of Business, Vancouver, British Columbia.

        Course 118 Machinery & Equipment Valuation.

     - International Society of Appraisers, Chicago, Illinois.

        Medical Equipment Webinar.

        American Furniture Webinars.

     - National Auctioneers Association, Overland Park, Kansas.

        Valuation of Industrial and Heavy Equipment Webinar.

     - Association of Machinery & Equipment Appraisers, Alexandria, Virginia.

        Fair Value Webinar.

        Scope of Work Webinar.

        Yellow Iron Webinar.

        Packaging Equipment Webinar.

     - Royal Institute of Chartered Surveyors, London, England, United Kingdom.

        Valuation of Plant & Equipment under IFRS Accounting Standards Webinar.

     - Certified Appraisers Guild of America, Grandview, Missouri.

        Certification Course in Personal Property Appraisal.

●  Certified General Appraiser License from the State of Indiana Professional Licensing Agency.

●  CCRA Certified Commercial Real Estate Appraiser Designation from the National Association of Real Estate Appraisers.

●  CREA Certified Real Estate Appraiser Designation from the National Association of Real Estate Appraisers.

●  Real estate appraisal & consulting education includes course work thru the Appraisal Institute, McKissock Education, National Highway Institute, Marshall & Swift, and BKG Education.

●  Certificate in Business Valuations (CertBV) from the Association of Chartered Certified Accountants.

●  Member - Business Valuation Association.

●  Business valuation education course work thru the Association of Chartered Certified Accountants, the National Association of Certified Valuators & Analysts, the University of British Columbia, and the New York Institute of Finance.

●  Management Certificate from Loyola University, School of Business Administration, Chicago, Illinois.
●  Over twenty-eight (28) years of diverse experience in the appraisal, valuation, and consulting professions.

●  Previously held the position of Senior Appraiser in a regionally based accounting & consulting firm.
●  United States Marine Corps Veteran (Honorable Discharge from Active Duty and Service-Connected

    Disabled Veteran Rating from the Department of Veterans Affairs).


Qualifications of Key Associate
Mr. Schreiner's key associates in the commercial & industrial personal property appraisal section of his practice is Frederick Gulmire.  Mr. Gulmire undertakes and assists in various types of appraisal & valuation consulting assignments.  A brief listing of his qualifications are noted below.  A more detailed CV is available upon request.

Frederick Gulmire
●  Auctioneer License from the State of Indiana Professional Licensing Agency.

●  ASCA Certified Member Designation in the personal property discipline from the Auctioneers Society of Certified Appraisers.

●  Residential Appraiser License from the State of Indiana Professional Licensing Agency.

●  Real Estate Sales License from the State of Indiana Professional Licensing Agency.
●  Bachelor of Science Degree From Ball State University.



Qualifications of Other Associates
Additional associates located through-out the United States are brought in on a case-by-case basis for specific assignment requirements.  These associates include; designated machinery & equipment appraisers, designated personal property appraisers, and inventory specialists.  Detailed CVs will be provided on any other associates attached to a particular assignment.


Client Confidentiality
Clients are always concerned with the confidentiality of their records and assignment results. As accredited  appraisers and members of various professional organizations, we are bound by the confidentiality clause of the Uniform Standards of Professional Appraisal Practice (USPAP).  USPAP requires that we maintain the confidentiality of all conversations, documents provided to us and the contents of our reports subject to legal or administrative processes or proceedings.

Appraisal Methodology
In the appraisal of commercial & industrial personal property (machinery, equipment & business assets) there are three (3) generally accepted approaches to value (market, cost & income approaches).  Two (2) of which are widely utilized (market & cost), with the third (income) being used in special circumstances.

The most widely used and accepted approach is the market approach.  This approach considers prices recently paid (or currently asked) for similar items with adjustments made to indicated market prices to reflect certain conditions of the comparables in contrast to the subject items.  This approach is appropriately employed when valuing assets which are commonly bought and sold in arm's length transactions.

The second most widely accepted approach is the cost approach.  This approach is utilized when valuing assets not commonly traded.  In such situations, the cost approach is generally the only reliable approach to value.  Under this approach, the cost to reproduce or replace the assets in question is considered.  From this amount, an allowance is deducted for the total loss in value, as of the effective date of valuation, due to any depreciation or obsolescence present, whether arising from physical, functional or economic causes.

The least utilized approach to value for machinery & equipment is the income approach.  This approach is applicable when an income & expense stream can be identified (and isolated) for the subject asset or grouping of assets.  This approach considers the value of an asset or grouping of assets in relation to present value of the future economic benefits derived from ownership.  This is normally measured by capitalizing the future benefits into an indication of value.

Depending upon the situation surrounding a valuation and the data available.  We will help you sort through this methodology to a clear understanding of the value to be estimated and the approaches to be applied.

The types of data we utilize in the performance of medical equipment and business personal property appraisals vary widely depending upon the specific appraisal problem.  These sources include the following.

● Prices recently paid for similar items.

● Current listing prices for similar items.

● Recent auction results.

● Published price guides.

● Catalog prices.

● Dealer quotes.


We subscribe to numerous print media and online databases for new and used pricing information.  Our resources for this data are always expanding, given the reach of the information age.  This all goes together to form a solid basket of market information to form the basis of estimated values.  Each of our written reports will list the specific references for the engagement that were relied upon for pricing information.

There are two (2) basic types of appraisals performed for medical equipment.  These include "desktop appraisals" and "field appraisals".

A "desktop appraisal" does not require a physical inspection of the subject assets by us.  We rely upon listing and illustrative information supplied by the client to identify the assets to be appraised.  The appraisal analysis and report are performed "at a distance" from our office.

A "field appraisal" involves an inspection of the subject assets by us.  We gather data in the field and reconcile it with the client supplied information.  This type of analysis is much more detailed in scope, given the field inspection component.

As for written report types, the two (2) most commonly utilized formats are the "restricted use" format and the "summary format".  The restricted use format is rather light in discussion of the analysis and is intended for "internal use" by the client (only).  The summary format contains discussions of the analysis undertaken and is appropriate when parties other than the client will need to review the report.

Fees & Timing
Typical fees for assignments can range widely dependent upon the scope of the analysis and type of report agreed upon with the client.  An indication of typical fee ranges in noted as follows.

Assignment Types

● Small sized medical practices ($750 to $1,500).

● Medium sized medical practices ($1,500 to $3,000).

● Clinics & hospitals ($3,000 to $25,000).


Timing for completion of assignments can range from a few days to a month, dependent upon the size & complexity of the engagement.  We can provide a solid fee & timing quote with some basic information about the appraisal assignment and asset pool to be valued.

Disabled American Veteran Owned - Schreiner Valuation Resources (SVR) is a Disabled American Veteran owned business.  Bill Schreiner, who owns 100% of Schreiner Valuation Resources is; 1) an Honorably Discharged Veteran of the United States Marine Corps, 2) has a Service Connected Disability rating from the Department of Veterans Affairs (VA), 3) is a member of the Disabled American Veterans (DAV) organization, and 4) is a member of the National Veteran Owned Business Association (NaVOBA).

Schreiner Valuation Resources, LLC

Telephone (800) 373-1210 or (317) 216-8601

Facsimile (800) 229-5143 or (317) 216-5584


Corporate Headquarters

101 West Ohio Street, Suite 2000

Indianapolis, Indiana  46204



Services Available Nationwide - Medical & hospital equipment appraisals available in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.

Services Available Statewide in Indiana - Medical & hospital equipment appraisals available in Indianapolis, Fort Wayne, Evansville, South Bend, Gary, Hammond, Bloomington, Muncie, Anderson, Terre Haute, Lafayette, Elkhart, Mishawaka, Kokomo, Richmond, Columbus, Fishers, Carmel, New Albany, Greenwood, Plainfield, Portage, Michigan City, East Chicago, Marion, Merrillville, Goshen, West Lafayette, Noblesville, Granger, Valparaiso, Jeffersonville, Hobart, Schererville, Highland, La Porte, Munster, Clarksville, Crown Point, Logansport, Franklin, Valparaiso, Vincennes, Plainfield, Seymour, Shelbyville, New Castle, Huntington, Griffith, Frankfort, Connersville, and Lawrenceburg.


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