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Select Accomplishments (continued...)
  • Developed financial analysis for passage of community tax initiatives, each with greater than 85% voter approval; to subsidize the debt financing of community hospital renovation projects.

  • Re-drafted CPA feasibility studies, for the underwriting of hospital and senior living loans.

  • Generated debt capacity analyses and financial projections relied upon by State Departments of Health in their designation of “necessary-provider” critical access hospital classifications.

  • Negotiated support of competing hospitals and community leaders to bolster the underwriting of InnoVative Capital hospital client loans.


  • As an independent hospital consultant, generated financial analyses for hospital clients in the development of USDA financed projects under both Direct and Guarantee Loan Programs.


  • Financial advisor representing community groups in the development and financing of new nonprofit community hospitals as start-ups as well as acquisitions.

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"A new hospital was a necessity and we had to seize the moment. While our hospital was profitable, InnoVative Capital advised our Board that due to the cost of our project TMH required additional revenue sources to afford our loan and meet HUD's underwriting standards. In coordination with our bankers at InnoVative Capital, a tax initiative to supplement the financial operations of TMH was undertaken. With their help, our voters approved a dedicated hospital mil tax for a term of 40-years, which forecasts additional revenue of $1.5 million per annum for TMH. The financial security provided by this tax was the key in obtaining HUD's approval of our FHA 242 mortgage insurance application."

George Rohrich
CEO
The Memorial Hospital
Craig, Colorado

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