The health care industry has become a target market of tax-exempt bond underwriters, turn-key developers and conventional financing sources as well. Murtha Cullina's Health Care practice has assisted nursing homes, hospitals and physician groups in the negotiation and completion of all types of financing. These programs include tax-exempt obligations, and structures using various forms of credit enhancement, such as letters of credit, bond insurance, bond guarantees, and the FHA Section 232 coinsurance program, all of which assist clients in minimizing their net interest rate cost. Department members regularly assist institutional clients with Connecticut Health and Educational Facilities Authority ("CHEFA") and Connecticut Development Authority ("CDA") financings.
