One of our long-term clients, a community hospital in the Midwest, shared their vision to develop a consolidated healthcare system and the need for an experienced financial firm to assist in the development of a financial plan that included competitive financing.
Ultimately, our strategic partner helped our client achieve several significant goals, including the acquisition of a neighboring community hospital, refinancing of existing debt, funding of various facility renovations, acquisition of new medical and IT equipment for integration and modernization, and increase in working capital. Financing was composed of four debt
obligations: a taxable term loan, a working capital line of credit, and two series of bankqualified
tax-exempt bonds issued by the county on behalf of the new healthcare system.