Jones Day - Services - Finance/Health Care

Attorneys in Jones Day's Health Care Finance Practice have ranked among the top three providers of bond counsel services and underwriter's counsel services in the U.S. since 1988, both in dollar volume and total number of tax-exempt health care bond issues. In addition, we frequently serve in other capacities in health care financings such as borrower's counsel, purchaser's counsel, derivative provider's counsel, bond insurer's counsel, and issuer's counsel. These financings involve a wide variety of transaction structures, including multimodal debt documentation, imbedded derivatives, forward commitments, swaps, swaptions, FHA and GNMA credit enhancement, and pooled financings, as well as the complex tax issues presented by these structures. Our years of experience with the numerous and intricate ramifications that health care finance holds for an institution's future operations have earned us recognition as one of the most knowledgeable and versatile health care finance practices in the nation.

In addition to representing various state and local issuers and every major health care underwriter, we have worked with health care systems and providers of all sizes. Our attorneys have particular experience in the complexities of obtaining financing for multistate systems, as well as familiarity with the specific issues that face stand-alone hospitals and senior living facilities. Since we have what we believe is the largest number of attorneys in the country who practice solely in the health care finance arena, supported by a worldwide network of finance and health care specialists, we are unusually well positioned to handle large, complex transactions involving tight deadlines.

Examples of our systemwide financings include the $1.038 billion debt restructuring completed for the Cleveland Clinic in 2003, in which we served as bond and underwriter's counsel; the $795 million issuance in 2002 of fixed and unenhanced variable rate bonds for Bon Secours Health System Obligated Group, in which we served as corporate and bond counsel; and the two financings we completed as bond counsel in 2003 and 2004, totaling $299 million, for the Baptist Health South Florida Obligated Group. Representative multimodal transactions include the $499 million issuance of auction, variable, and fixed rate bonds for Northwestern Memorial Hospital with respect to which we served as bond counsel in 2004 and the $450 million issuance of fixed and auction rate bonds in 2003 for Palmetto Health Alliance (headquartered in Columbia, S.C.) in which we served as underwriter's counsel. We have also served as borrower's counsel on a variety of financings, including issues for the benefit of Providence Services headquartered in Spokane; Childrens Hospital Los Angeles; and the Robert W. Woodruff Arts Center, Inc., in Atlanta. The innovative nature of many of our transactions is illustrated by the fact that the 2004 issuance of $253.86 million of bonds for the benefit of the University of Maryland Medical System with respect to which we served as underwriter's counsel was chosen by The Bond Buyer as its "Northeast Region Honorable Mention Deal of the Year." While we have a firm base in the Midwest, our practice is truly nationwide. We have completed transactions in the past several years in 38 states as diverse as New York, Florida, Texas, South Dakota, California, Washington, Oregon, and Hawaii as well as Puerto Rico.

Whether you are pursuing a financing strategy or dealing with investors, regulators, or providers, Jones Day attorneys are prepared to assist you. The members of the Health Care Finance Practice are supported by Jones Day attorneys comprising the Health Care Industry Practice nationwide. They provide valuable insight on a variety of issues, including tax, mergers and acquisitions, antitrust, regulatory compliance, labor and employment, litigation, intellectual property, and bankruptcy concerns. This network of legal capabilities allows all of us at Jones Day to advise our clients more effectively.

	Print Page Email Page Select a Language Finance/Health Care - Overview
Lawyers Staff Overview Experience Professionals Publications Main Practice Health Care	Attorneys in Jones Day's Health Care Finance Practice have ranked among the top three providers of bond counsel services and underwriter's counsel services in the U.S. since 1988, both in dollar volume and total number of tax-exempt health care bond issues. In addition, we frequently serve in other capacities in health care financings such as borrower's counsel, purchaser's counsel, derivative provider's counsel, bond insurer's counsel, and issuer's counsel. These financings involve a wide variety of transaction structures, including multimodal debt documentation, imbedded derivatives, forward commitments, swaps, swaptions, FHA and GNMA credit enhancement, and pooled financings, as well as the complex tax issues presented by these structures. Our years of experience with the numerous and intricate ramifications that health care finance holds for an institution's future operations have earned us recognition as one of the most knowledgeable and versatile health care finance practices in the nation. In addition to representing various state and local issuers and every major health care underwriter, we have worked with health care systems and providers of all sizes. Our attorneys have particular experience in the complexities of obtaining financing for multistate systems, as well as familiarity with the specific issues that face stand-alone hospitals and senior living facilities. Since we have what we believe is the largest number of attorneys in the country who practice solely in the health care finance arena, supported by a worldwide network of finance and health care specialists, we are unusually well positioned to handle large, complex transactions involving tight deadlines. Examples of our systemwide financings include the $1.038 billion debt restructuring completed for the Cleveland Clinic in 2003, in which we served as bond and underwriter's counsel; the $795 million issuance in 2002 of fixed and unenhanced variable rate bonds for Bon Secours Health System Obligated Group, in which we served as corporate and bond counsel; and the two financings we completed as bond counsel in 2003 and 2004, totaling $299 million, for the Baptist Health South Florida Obligated Group. Representative multimodal transactions include the $499 million issuance of auction, variable, and fixed rate bonds for Northwestern Memorial Hospital with respect to which we served as bond counsel in 2004 and the $450 million issuance of fixed and auction rate bonds in 2003 for Palmetto Health Alliance (headquartered in Columbia, S.C.) in which we served as underwriter's counsel. We have also served as borrower's counsel on a variety of financings, including issues for the benefit of Providence Services headquartered in Spokane; Childrens Hospital Los Angeles; and the Robert W. Woodruff Arts Center, Inc., in Atlanta. The innovative nature of many of our transactions is illustrated by the fact that the 2004 issuance of $253.86 million of bonds for the benefit of the University of Maryland Medical System with respect to which we served as underwriter's counsel was chosen by The Bond Buyer as its "Northeast Region Honorable Mention Deal of the Year." While we have a firm base in the Midwest, our practice is truly nationwide. We have completed transactions in the past several years in 38 states as diverse as New York, Florida, Texas, South Dakota, California, Washington, Oregon, and Hawaii as well as Puerto Rico. Whether you are pursuing a financing strategy or dealing with investors, regulators, or providers, Jones Day attorneys are prepared to assist you. The members of the Health Care Finance Practice are supported by Jones Day attorneys comprising the Health Care Industry Practice nationwide. They provide valuable insight on a variety of issues, including tax, mergers and acquisitions, antitrust, regulatory compliance, labor and employment, litigation, intellectual property, and bankruptcy concerns. This network of legal capabilities allows all of us at Jones Day to advise our clients more effectively.