201501.15
0

Is Hospital M&A Waning

By: Eb LeMaster and Jake Aygun (HFMA January 2015) The number of announced hospital mergers and acquisitions (M&As) dropped significantly in 2014 from prior years, and volume for the full calendar year 2014 will likely be the lowest since 2009 (see the exhibit below). As we detail, there are several major trends that affect these…

201501.10
0

The Value of Variable Rates in a World of Low Rates

By: Jeffrey B. Sahrbeck (HFM January 2015) In February of 2008, the municipal industry (and specifically not-for-profit health care) found itself at the epicenter of the credit crisis, with auction bond failures, sizable investment losses, and derivatives causing massive collateral-posting requirements. As the industry scrambled to refinance hundreds of billions of dollars in debt and…