Lilly did some research and believes that businesses such as NHH usually sell for three times normalized
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Lilly did some research and believes that businesses such as NHH usually sell for three times normalized net income. Net income should be determined in accordance with the relevant accounting standards. NHH uses accounting standards for private enterprises (ASPE). Lilly's research is based on similar businesses in the very health-conscious cities of Vancouver, Los Angeles, and Denver. The populations of these cities are significantly larger than Saskatoon.
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