Capital financing for nonhospital-based health care providers

The Foundation's program, New Jersey Health Initiatives, was designed to support projects in New Jersey that develop new approaches to resolving the state's health care needs, focusing on the Foundation's goal areas.The purpose of this funding is to improve access to tax-free capital financing for non-hospital based providers who currently may be forced to operate inadequate or geographically isolated facilities with limited opportunities for expansion or renovation. The project leaders will work with State agencies, investment banking firms, and payers to identify new financing mechanisms, review techniques attempted in other states, and explore ways to strengthen the credit worthiness of providers. In addition, the New Jersey Health Care Facilities Financing Authority will research the operations, finances and capital needs of non-hospital providers, and develop an outreach and training program to assist them in obtaining capital financing. The primary objectives of the project are to: (1) identify non-hospital providers; (2) offer financing options to meet capital needs; and (3) provide the assistance and training to allow them to access that capital.

Grant Details

Amount Awarded $111,462.00

Awarded on: 4/16/1992

Time frame: 6/1/1992 - 6/30/1997

Grant Number: 20164

Grantee

State of New Jersey, Health Care Facilities Financing Authority

Stephen M. Fillebrown
Project Director

609-292-8585