Get The Complete Picture Of What's Been Happening In Your Industry

Like our past events, The Bond Buyer's 10th Annual Nonprofit Hospital Finance Conference (October 15-16 at The Palms Hotel in Las Vegas) has matched leading experts to timely topics ... to get your most pressing questions answered. Don't miss this opportunity to gain valuable insights on the issues facing your industry!

While other sectors have struggled over the last year with ongoing market turmoil and recession-related revenue declines, the health care sector is among the hardest hit by the credit crunch.

• Many issuers are at a loss about how to access capital markets in the wake of the serious disruptions in the bond insurance industry and auction-rate markets - which have been crucial components of nonprofit hospitals' financing toolkits.
• In 2008, many hospitals put new-money issues on hold as they were forced to focus on restructuring ARS after that market's collapse and were later forced to hold up deals after Lehman Brothers' downfall. Higher-rated credits looking to sell fixed-rate bonds continue to postpone their offerings, upset with the yields demanded by risk-averse investors, and lower-rated credits were shut out as the rates demanded were too high.
• Rating agencies maintain a negative outlook on the hospital sector, based on the assumption that the recession will aggravate such challenges as weak patient volume and exposure to bad debt expenses. While the federal stimulus program, which provides $87 billion for Medicaid, is expected to offer some financial relief, the uncertain impact of national health care reform looms.

The Bond Buyer's Nonprofit Hospital Finance Conference is the only event dedicated to exploring the linkages between the capital markets and hospitals' strategic goals. In spite of the many risks facing the Health care sector, there is an opportunity for growth and our in-depth sessions will help you determine the most profitable path.