Morgan Keegan has established itself as an active underwriter of healthcare financings. We have managed bond issues for both public and not-for-profit hospitals of all sizes and credit quality. We have also structured issues for continuing care retirement communities, nursing homes, and assisted living facilities. Since 2000, Morgan Keegan has managed over 230 healthcare issues with an aggregate par value of over $13.5 billion.
Healthcare financings pose a unique challenge, since constantly changing state and federal regulations must be taken into account. Morgan Keegan’s healthcare bankers keep abreast of regulatory and political developments that can affect the healthcare industry.
On rated healthcare financing issues, familiarity with the rating agencies and their policies and processes is crucial. Morgan Keegan has the technology to compute certain key financial ratios and compare these ratios to those the rating agencies use when evaluating a healthcare credit. This helps determine the financial strengths and weaknesses of the hospital and gives Morgan Keegan and the healthcare provider time to prepare for addressing concerns of the rating agencies. Our objective is to obtain the best possible rating since, the higher the rating, the lower the ultimate net interest cost.
Our healthcare clients include:
- Baptist Health System – Birmingham
- Baptist Health System – Little Rock
- Baptist Health System – Montgomery
- Children’s Hospital of Alabama
- Commonwealth Health Corporation
- Hendrick Health System
- Hurley Medical Center
- Knapp Medical Center
- Magnolia Regional Health Center
- Memorial Health System of East Texas
- Methodist LeBonheur Healthcare
- NorthOaks Health System
- Oakbend Medical Center
- Pikeville Medical Center
- Spartanburg Regional Healthcare System
- St. Tammany Parish Hospital
- Tanner Health System
- Terrebonne Parish Hospital
- UAB Health System
- VCU Health System
- WellStar Health System
