HEALTH CARE FINANCE

We have served as bond counsel or underwriter's counsel in tax exempt bond financings for health care facilities involving a variety of credit structures, including obligated group financings using master trust indentures and financings secured by FHA mortgage insurance, letters of credit and municipal bond insurance. The firm has extensive experience in all types of health care and health-related facility financings, from hospitals and nursing homes to a variety of senior living facilities, including lifecare and other continuing care retirement communities, independent living facilities, assisted living facilities and adult homes. We have served on the financing team for Crouse Hospital, Faxton Hospital, Cortland Hospital, St. Joseph Hospital Health Center, United Memorial Medical Center in Batavia, WCA Hospital in Jamestown, Claxton-Hepburn Medical Center, Oneida Healthcare System and Auburn Hospital.

Healthcare projects and programs financed have included:

• financings for borrowers emerging from bankruptcy
• ambulatory care centers
• centers for abused women/children
• mental health programs
• hospitals (purchase, construction, expansion, renovation, remodeling and equipment)
• medical clinics
• rehabilitation facilities
• research facilities
• skilled nursing facilities
• working capital financings, including receivables financings

In 2003 we served as Underwriter's Counsel to First Albany Capital in connection with the issuance of over $45,000,000 of tax-exempt and taxable variable rate bonds to enable Crouse Hospital to emerge from bankruptcy.