Topic: Rural Hospitals and Life Plan Communities: Predicaments and Opportunities Confronting the Muni Market's Two Most Pressured Sectors 

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Date: Tuesday, October 31, 2023 NOTE NEW DATE

Times:
In Person: 11:30 - 1:30 pm (lunch and networking prior to program)
Zoom Meeting Time: 12:30 - 1:30 pm ET

Locations:
Zoom webinar OR
New York City Bar Association, 42 West 44th Street, NYC

Details:

Recent reports contain dire predictions of the potential closure of nearly a third of U.S rural hospitals in 2023 and 2024 due to their pressured finances as federal stimulus dollars recede.  Meanwhile, the related and almost-equally-pressured sector of life plan communities (aka CCRCs) continues to grapple with inflationary cost pressures, acute labor shortages, and the ramifications of a softer housing market.

There has been a growing trend of acquisitions of rural hospitals by private equity firms that have, in some cases, acted quickly to shutter the hospitals they have purchased, as well as an uptick in CCRC acquisitions and affiliations. Default rates for both sectors far exceed broader municipal market averages.

Join our panelists to highlight their diverse and unique perspectives on:

• The key forces underpinning these sectors' operational challenges and how the pandemic greatly amplified staffing and cost pressures
• Can these sectors recover in the near term?  And, what would be the 'new normal' for these providers in a stabilizing economy?
• What strategies can industry executives and (state and local?) policymakers adopt to aid their operations and ensure access to critical healthcare needs for communities served?
• Key dynamics for the institutional investor base in evaluating, pricing, and trading bonds issued by these entities, many of which are speculative grade and/or non-rated.

This event is open to the press.

A Zoom recording of this program will be available for one week to everyone who registers in advance.

Panelists:

Kevin Neuman, Principal
Novo Advisors
Biography

Gary Sokolow, Director
Fitch Ratings Healthcare and Life Plan Communities Team
Biography

Jeff Sommer, Managing Director
Stroudwater Associates Rural Healthcare Practice Group
Biography

Moderator:

George Huang
Biography

Cost:

MAGNY and other NFMA Members
$55 Zoom
$75 In-Person

Non-Members
$80 Zoom
$100 In-Person

Registration: CLICK HERE TO REGISTER

Questions? Contact [email protected].

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