Here’s what you’ll see:

• “New Ballgame for FMV in Healthcare Under Final CMS Rules” (BVR Editor). The valuation profession is now in the driver’s seat with respect to the definition of fair market value for healthcare regulatory purposes. This is according to the final rules from the Centers for Medicare & Medicaid Services (CMS) related to the Stark Law. There is also a call for papers.
• “Input Needed to Develop New Guidance on Company-Specific Risk” (BVR Editor). This is an update on new guidance being developed by The Appraisal Foundation’s Business Valuation Resources Panel’s Work Group on Company-Specific Risk Premia (CSRP). It needs input from practitioners on this topic.
• “Damodaran Says COVID-19 Crisis Puts More Emphasis on the Story Behind a Valuation” (BVR Editor). The keynote address by Dr. Aswath Damodaran (New York University Stern School of Business) at the CBV Congress 2021 includes a five-step framework to help develop an effective narrative.
• “Three Court Cases You Must Read Before Writing Your Next Valuation Report” (BVR Editor). Former IRS officials give their insights into the thinking of the IRS on business valuations. This was a session at NACVA’s recent 2021 Business Valuation and Financial Litigation Hybrid and Virtual Super Conference.
• “Forecasting Expenses for an Economic Damages and Lost Profits Analysis” (BVR Editor). Several experts at the two-day BVR National Economic Damages Virtual Conference discussed projections in a damages and lost profits context. This article focuses on projecting expenses.
• “Premier ASA Complex Securities Conference Breaks Attendance Record” (BVR Editor). Summaries and takeaways from the American Society of Appraisers’ first ASA Complex Securities Virtual Conference.

The issue also includes:

• A full section of “BV News and Trends/Global BV News and Trends.”
• Regular features: “Ask the Experts” and “Tip of the Month.”
• BV data spotlight: “DealStats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and the “Cost of Capital Center.”
• BVLaw Case Update: The latest court cases that involve business valuation issues.

To stay current on business valuation, check out the August 2021 issue of Business Valuation Update.