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| $40,000,000
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Ginnie Mae Loan |
| Replacement
Critical Access Hospital |
InnoVative Capital's Role:
FHA Mortgage Banker |
The Memorial Hospital
Craig, CO |
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Municipal Finance
Municipal infrastructure, tax initiatives, public-private sector partnerships and investments. |
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InnoVative Capital’s municipal advisory services extend to hospital and healthcare clients as well as direct representation of municipalities.
Composite funding for hospital projects and operational support
For hospitals in need of revenue or debt capacity enhancement, InnoVative Capital has negotiated municipal support in the form of dedicated taxes, land donations, loan guarantees and asset acquisitions.
Municipal Infrastructure financing
When nonhospital project needs must be financed, InnoVative Capital can work to have third parties take responsibility for the financing and payment of offsite infrastructure improvements, including, roads, water and sewer, telecommunications, utilities and employee housing.
Tax initiatives
Specialized tax support must be limited in nature to preserve the taxing capacity of a municipality or district. InnoVative Capital works with economic planners to present the best case supporting the allocation of taxes to enhance its client’s operations and debt capacity. InnoVative Capital's credit review of Consolidated Annual Financial Reports of counties, districts and cities can provide quantifiable benchmarks to build a case for tax support.
Direct representation of municipalities and local governments
A community’s hospital can be its largest and most vital economic asset. As such, local governments have a stake in the future of their hospital and often are required to make important decisions regarding its possible merger, sale or closure. InnoVative Capital’s hospital and demographic analytics can assess the current and projected economic impact the hospital contributes to its community. |
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Develop, Structure
& Finance |
| We manage the entire process |
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| Client Testimonial: |
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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 |
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| OTHERS PROMISE. WE DELIVER. |
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$40,500,000 |
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FHA 223 a-7 Insured
Ginnie Mae Loan |
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FHA 242 Debt Refinancing |
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Morehead Memorial Hospital |
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Eden, NC |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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Joint Management &
Lease Agreement |
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Community Hospital Affiliation |
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Emanuel Medical Center |
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Swainsboro, GA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$85,000,000 |
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FHA 242 Insured Ginnie Mae Loan |
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Replacement Community Hospital |
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Meadows Regional Medical Center |
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Vidalia, GA |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and Financial Advisor |
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[ case study ] |
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$40,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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The Memorial Hospital |
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Craig, CO |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$46,000,000 |
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FHA 242 Mortgage Insured
Tax-Exempt Bonds |
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Replacement
District Hospital |
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Matagorda Regional Medical Center |
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Bay City, TX |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$18,500,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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Shoshone Medical Center |
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Kellogg, ID |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$6,500,000 |
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FHA 241 Insured
Ginnie Mae Loan |
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Skilled Nursing Facility
Renovation |
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Shorefront Geriatric Center |
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Brooklyn, NY |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$29,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Replacement Critical Access Hospital |
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North Valley Hospital |
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Whitefish, MT |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$31,000,000 |
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FHA 242 Mortgage Insured
Ginnie Mae RZED Bonds |
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Critical Access Hospital Modernization Project |
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Effingham County Hospital Authority |
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Springfield, GA |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$24,000,000 |
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Hospital Revenue Bonds |
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Community Hospital
Renovation and Expansion |
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Ohio Valley General Hospital |
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McKees Rocks, PA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$3,500,000 |
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FHA 232 Mortgage Insured
Tax-Exempt Bonds & Sub Debt |
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New Assisted Living Facility |
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Somerset at University Place |
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Winston-Salem, NC |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$50,000,000 |
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Hospital Revenue Bonds |
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Tertiary Care Facility
Renovation and Expansion |
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Memorial Health University Medical Center |
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Savannah, GA |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$6,860,000 |
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FHA 232 Insured
Ginnie Mae Loan |
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Skilled Nursing Home
Renovation and Refinancing |
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Citrus Health and
Rehabilitation Center |
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Inverness, FL |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$19,200,000 |
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Hospital Revenue Bonds |
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Community Hospital
Refinancing and Expansion |
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Daviess County Hospital |
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Washington, IN |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$33,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Start-Up For-Profit Hospital |
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Summit Hospital |
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Phenix City, AL |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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$37,000,000 |
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FHA 242 Insured
Ginnie Mae Loan |
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Community Hospital
Debt Refinancing & Expansion |
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Knox Community Hospital |
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Mt. Vernon, OH |
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InnoVative Capital's Role: |
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FHA Mortgage Banker and
Financial Advisor |
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[ case study ] |
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$20,000,000 |
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USDA Direct Loan |
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Community Hospital Renovation |
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DeSoto Memorial Hospital |
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Arcadia, FL |
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InnoVative Capital's Role: |
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Financial Consultant |
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[ case study ] |
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$59,000,000 |
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Doctors’ Hospital
Non-Rated Hospital Revenue Bonds |
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Start-Up Non-Profit Hospital |
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Doctors’ Hospital |
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Bridgeport, TX |
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InnoVative Capital's Role: |
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Financial Advisor |
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[ case study ] |
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$7,675,000 |
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FHA 232 Insured
Ginnie Mae Loan |
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Start-Up Skilled Nursing Facility |
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Stone Oak Care Center |
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San Antonio, TX |
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InnoVative Capital's Role: |
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FHA Mortgage Banker |
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[ case study ] |
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The Tax Support of Independent Community Hospitals
by Alan P. Richman
Healthcare Financial
Management Magazine |
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Increasingly, community hospitals are under pressure to survive. Independence and prosperity are not mutually exclusive for many community hospitals, as long as they receive a little revenue support for new facilities and additional physicians. Dedicated limited taxes can provide the lifeline hospitals need to preserve community healthcare and enhance the local economy.
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