Tag: White Papers

Mergers & Acquisitions in the Hospital Industry

Since the beginning of 2010, mergers and acquisitions activity in the acute care sector has increased significantly. The rate at which hospital transactions are being announced has increased by over 50% in less than a year and a half. Activity is up significantly for both not-for-profit and for-profit healthcare systems. Internal discussions about potential consolidations, … Continued

Are You a Municipal Advisor?

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) may have a direct impact on you, your 501(c)3 organization, or your bond issuing authority.  On January 6, 2011, the Securities and Exchange Commission (“SEC”) issued proposed rules for the registration of municipal advisors. The proposed rules were part of the SEC’s implementation of … Continued

Why Banks Keep Buying Tax-Exempt Debt

Introduction:  Over the past two calendar years, commercial banks have been a significant source of tax-exempt financing for healthcare organizations. Driven by an expanded definition of “bank-qualified debt” provided in the American Recovery and Reinvestment Act of 2009, commercial banks issued approximately $70 billion of direct tax-exempt loans in 2009 and 2010. And, while the … Continued

The Layers of the Credit Crunch Onion

Overview This paper is intended as a follow up to our client update calls and meetings held during November. At that time, we recommended that clients monitor the market until late January, and at that time we would start to see the path to clarity in the tax exempt market. While we expect significant news … Continued