That is why ICFA works with hospitals facing tough economic decisions. In March of 2012, ICFA assisted the Downey Regional Medical Center in raising $21.6 million dollars in taxable bonds so that the facility could survive Chapter 11 reorganizational proceedings intact. It is only the third time in California’s history that a hospital has emerged from bankruptcy protection without changing ownership. ICFA is pleased to have been a part of their success.
For more information, download our Healthcare Brochure here.