COLUMBUS, Ohio (June 5, 2013)--Although the credit crisis following the Great Recession appears to have abated, many hospitals continue to have difficulty funding capital projects at a reasonable cost. To help executives and board members understand their funding options for new construction, renovation, refinancing or acquisitions, Lancaster Pollard, a national investment banking, mortgage banking and investment advisory firm headquartered in Columbus, Ohio, updated its financing guides for both large and small hospitals.
"Although hospital leadership is understandably focused on changes brought about by health care reform, they must also keep investing in their physical plant." said Lancaster Pollard CEO Tom Green. "Considerable investment and reinvestment is imperative to keep facilities and equipment modern and to ensure that a hospital will continue to serve area residents for generations. These guides provide direction for CEOs, CFOs and boards of trustees in understanding the complexities of financing capital projects in today's economy and what options are available."
The Focus on Health Care Finance guides, "Financing Options for Large Nonprofit Hospitals and Multi-Hospital Systems" and "Financing Options for Nonprofit Small and Rural Hospitals," examine how hospitals are perceived by creditors and investors, outlines the specific long-term, debt-financing options, including traditional and alternative sources of capital, and discusses the critical role financial-risk management plays in a hospital's financial plan. The guides are specifically tailored to the size of the hospital, either for large hospitals and hospital systems or for small and rural hospitals, and focuses on the opportunities and challenges of financing capital projects facing each type of organization.
Lancaster Pollard helps health care, senior living and affordable housing organizations expand and improve their services by providing financing solutions. The firm offers a full range of investment banking, mortgage banking and investment advisory services and has one of the largest groups of financial professionals dedicated to health care in the country. As a leading underwriter of bonds and mortgages, Lancaster Pollard has earned a reputation for delivering sound financial advice and the most cost-effective financing options available in the market. The firm was named to the prestigious Inc. 5000 list of fastest growing U.S. companies in 2012.
The two Focus on Health Care Finance guides are available at http://www.lancasterpollard.com/resources/white-papers-and-term-sheets.aspx.
###