PulsePoints

Cambridge Chairman Jeffrey A. Davis will participate in a panel discussion on healthcare finance during the annual HCap (Healthcare Capital) Conference scheduled December 7-9 at the JW Marriott Hotel in Washington, D. C.

In the session five panelists are slated to discuss Healthcare Finance 202: A CEO Primer. Joining Mr. Davis on the Dec. 8 panel will be Tim Ashe, Frazzi Associates; David Allen, NXT Capital; Greg Pachus, Silicon Valley Bank; and Mark O’Brien, Gemino Healthcare Finance.

HCap is a national venue for healthcare providers and capital to meet, do business and learn about policy and entrepreneurial trends. Conference participants gain insights from policy insiders and visionaries on big picture trends affecting the entire healthcare system.

“The conference provides an opportunity for conference participants to meet leading players and strengthen access to capital. Participants network with CEOs and CFOs from other healthcare provider segments.” Mr. Davis said.

Keynote speaker for the HCap Conference will be Congressman Paul Ryan (R-WI), Chairman of the House Budget Committee. Rep. Ryan will discuss the controversial “premium support plan” he believes will transform Medicare into a more economically sustainable model.

Being the “new guy” in any situation is never easy, especially when you are the youngest member of a team of very intelligent and dedicated real estate and finance professionals.  However, my recent transition at Cambridge from intern to Junior Loan Officer and Financial Analyst has been relatively seamless.

Having recently graduated from DePaul University with a degree in Real Estate and Finance, I was eager to find a position which offered me the opportunity to leverage the skills, abilities, and knowledge gained from my education and past work experiences to grow both professionally and personally as I begin my career. 

Entering the job market as a recent graduate can be a frightful and difficult experience for many, as the competition is steep and the jobs relatively few (at this point in time).  After a brief employment search and subsequent rounds of interviews, my supervisors informed me that instead of leaving Cambridge, I could begin my career here in a Junior Loan Officer and Financial Analyst capacity.  My duties include origination of new loans and assisting in the acquisition process of expanding Cambridge’s portfolio.

Given this wonderful opportunity, I hope to gain a more thorough understanding of the senior housing industry, hone my analytical skills, and expand Cambridge’s outreach to the senior housing and finance industries.

I had a great 30 hours (and one night) in Long Beach as part of the 2010 AHCA/NCAL 61st Annual Convention & Expo (AHCA/NCAL).  My activities included:

            An interview on the AHCA closed-circuit TV network. Clearly, not ready for prime time, but you should find informative.

            Dinner at the AHCA PAC event.  I continue to be impressed by AHCA members’ commitment to providing the best quality care to all residents, and the “Quality First” initiative.

            The positive spirit and attitude of most attendees, despite continued day-to-day business challenges.

            Tremendous leadership from Bruce Yarwood and his AHCA team.

If you’re not a member of the AHCA, I strongly recommend becoming one, as they represent the best interests of all providers and suppliers in relating to the long-term care business, and you could not be part of a better organization.

Joe Resor, Resor Financial Group

It’s not uncommon for healthcare clients to labor under the impression that applying for FHA-insured HUD financing means enduring a tedious, inflexible, by-the-numbers process, says Joseph Resor.

Joseph is a banking, merger, and acquisition consultant. He’s the CEO of Cleveland-based Resor Financial Group, a boutique consulting and investment banking firm. RFG is working with Cambridge on a multi-facility transaction involving the purchase and refinance of a 14-property portfolio using HUD’s new LEAN funding program.

“Borrowers sometimes get this idea based on personal experience or horror stories from others,” says Joseph. “But not all HUD underwriters are alike. Some are able to bring creativity and out-of-the-box thinking to the process.”

Throughout the process, Cambridge has come up with creative ideas and solutions that have the transaction steaming towards a successful conclusion.

Joseph says RFG helps senior housing and healthcare clients raise debt capital and facilitates mergers and acquisitions for both buyers and sellers. The company also consults clients on various strategic and tactical aspects of their businesses.

“When the task is to raise debt capital to refinance an existing property or make additional acquisitions, FHA-insured HUD funding has emerged as a very attractive option in today’s tight capital markets. Cambridge understands the nuances of HUD financing and can apply tailored solutions better than anyone else in the business,” Joseph says.

Cambridge is a niche provider that has focused exclusively on senior housing and healthcare financing for many years. Joseph says our staff is knowledgeable, focused and professional, and understands what will or will not work. ”Cambridge definitely is the go-to company for the FHA option,” he said.  ”The amount of success the company has had in the marketplace speaks to its depth and expertise in this area.”