A $500+ million health system with multiple campuses.
The health system was looking to construct a replacement facility in a large metropolitan area and repurpose an existing facility. They were working with a large national investment banker to obtain financing for the relocation and needed a full financial feasibility study, including market demand analysis, to be included in the potential bond offering.
We were engaged to perform a thorough financial forecast. This included building and developing financial models for over 10 service lines and locations, consolidating those models into one financial pro forma, and integrating the proposed financing structure detailed by the investment banker. Lastly, we were required to perform an examination of that forecast under the AICPA guidelines.