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HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RI
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCEOCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RI
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
BIG OPPORTUNITIES FOR HEALTHCARE & HIGHER EDUCATIONIn 2014 Healthcare & Higher Education were responsible for more than $50B in new issuance—more than the entire state of California.
These often underappreciated sectors are responsible for services that are essential to the nation’s tax payers.
Like many other industries, these institutions are facing regulatory, technological, and demographic developments that are guaranteed to have far-reaching impacts on their business models, the creditworthiness of their existing debts ... and their future capital needs.
The Bond Buyer’s Health Care & Higher Education Finance Conference, October 27, 2015 at Omni Providence Hotel in Rhode Island; will bring together senior-level institutional finance professionals, investment bankers, analysts and other municipal market participants for an in-depth analysis of the state of tax-exempt finance, the challenges and opportunities, and strategies to employ to plan for a sustainable financial future.
The conference is designed to cover the broad strokes of topics that are relevant to nonprofit institutions, as well as two tracks focusing on the finer points germane to healthcare and higher education finance.
Join more than 200 nonprofit and municipal finance professionals for an in-depth discussion addressing the latest challenges facing nonprofits ... and their solutions!
Ila Afsharipour Managing Director
U.S. BANCORP MUNICIPAL SECURITIES GROUP
BrianMcGoughManaging Director
U.S. BANCORP MUNICIPAL SECURITIES GROUP
Emilie NinanPartner
BALLARD SPAHR LLP
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
FEATURED SPEAKERS
Ila Afsharipour Managing Director
U.S. BANCORP MUNICIPAL SECURITIES
GROUP
Katie D’Angio Education & Non-Profit
Banking U.S. BANCORP
Marc Levinson Partner ORRICK
Emilie Ninan Partner
BALLARD SPAHR LLP
Laura Parrott Senior Director, Head of Private Placement
Originations TIAA-CREF
Laura Peabody General Counsel
NORTHWELL
Gina Raimondo Governor
STATE OF RHODE ISLAND
Jeffrey Sahrbeck Managing Director
PONDER & CO.
Lilly Scher Healthcare and
Higher Ed Analyst EATON VANCE
Seth Magaziner General Treasurer STATE OF RHODE
ISLAND
Brian McGough Managing Director
U.S. BANCORP MUNICIPAL SECURITIES GROUP
Lorraine McGowen Partner ORRICK
Mark Melio Managing Partner
MELIO & COMPANY, LLC
Tom Morsch Managing Director
THE PFM GROUP
Robert FeigensonVice President
MORGAN STANLEY
Robert Fippinger Chief Legal Officer
MSRB
Gregory Harden Vice President
ADVOCATE HEALTH
Timothy Hurley Principal
DELOITTE CRG
Ben Juergens Executive Director
in the Legal and Compliance Division MORGAN STANLEY
Edie Behr Vice President/Senior
Credit Officer and Manager, Higher
Education & Not-for-Profit Team,
MOODY’S INVESTORS SERVICE
Joseph C. Bosch Managing Director -
Public FinanceJANNEY MONTGOMERY
SCOTT
Charlene Butterfield Janey
Director Higher Education Team
STANDARD & POOR’S RATINGS AGENCY
Peter Coffin Founder/President
BRECKINRIDGE CAPITAL ADVISORS
Kevin Currid Assistant
Regional Director SEC
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
FEATURED SPEAKERS
James Held Tax Law Specialist
INTERNAL REVENUE SERVICE
Douglas Kilcommons Senior Vice President -
Loan Team Manager Education & Nonprofit Banking
WELLS FARGO SECURITIES
Sandra Kurtz Baxter Managing Director
FAIRMOUNT CAPITAL ADVISORS, INC.
Mark Lavelle SVP
WELLS FARGO
Gerri Magie Vice President
SWAP FINANCIAL GROUP
Jeannette PriceManaging Director
Not-for-Profit Health Care Group CITI
Debra Sloan Vice President
Treasury PARTNERS HEALTHCARE
Jennifer Soule Director Health Care STANDARD & POOR’S
RATINGS AGENCY
Debbie Voit Senior Associate,
Fixed Income Credit Research VANGUARD
Dan Wilson Director
NATIONAL PUBLIC FINANCE GUARANTEE
Kin Wong Vice President,
Public and Infrastructure Finance Group, SUMITOMO MITSUI BANKING
CORPORATION AMERICAS DIVISION
Timothy Wons SVP Acquisition & Development
LHP HOSPITAL GROUP, INC.
Ramin Sedehi Managing Director
BERKELEY RESEARCH GROUP
Sam Solomon CFO and Treasurer
RHODE ISLAND SCHOOL OF
DESIGN
Nick Sourbis Managing Director
- Fixed Income Investor Relations
NATIONAL PUBLIC FINANCE
GUARANTEE
Tesia Stanley Associate
BALLARD SPAHR LLP
John Stapleton Principal &
Operations Director PASKILL STAPLETON
& LORD
Jerry Williams EVP for Finance and
Administration ROGER WILLIAMS
UNIVERSITY
More Speakers
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
PROGRAM AT A GLANCE
7:30 a.m. Registration Opens
7:30 a.m. - 8:30 a.m. Continental Breakfast
8:30 a.m. - 8:45 a.m. Opening Remarks Michael Ballinger, Publisher, THE BOND BUYER Ila Afsharipour, Managing Director, U.S. BANCORP MUNICIPAL SECURITIES GROUP Brian McGough, Managing Director, U.S. BANCORP Emilie Ninan, Partner, BALLARD SPAHR LLP
8:45 a.m. - 9:15 a.m. Opening Keynote Address Seth Magaziner, General Treasurer, STATE OF RHODE ISLAND
9:15 a.m. - 10:00 a.m. Alternative Market Strategies This panel will discuss direct placement, public sale side, letter of credit providers and issues, as well as bond insurance and the impact of regulatory (for banks) and rating agency (for monolines) capital requirements on institutions’ ability to provide cost effective market access for issuers. Moderator : Dan Wilson, Director, NATIONAL PUBLIC FINANCE GUARANTEE CORP. Joseph C. Bosch, Managing Director - Public Finance JANNEY MONTGOMERY SCOTT Katie D’Angio, Education & Non-Profit Banking, U.S. BANCORP Kin Wong, Vice President, Public and Infrastructure Finance Group SUMITOMO MITSUI BANKING CORPORATION
10:00 a.m. - 10:20 a.m. The IRS Weighs in on Tax Exempt Bonds James Held, Tax Law Specialist , INTERNAL REVENUE SERVICE
10:20 a.m. - 10:45 a.m. Networking Break | Sponsored by:
10:45 a.m. - 11:30 a.m. Regulatory Issues - Continued Compliance and Disclosure This panel will address hot topics in federal securities law, including recent SEC enforcement actions, SEC legislative initiatives, recent guidance from NABL regarding disclosure controls and procedures, and the implications of GASB 67/68 for official statement pension disclosures. Moderator: Tesia Stanley, Partner, BALLARD SPAHR LLP Sandra Kurtz Baxter, Managing Director, FAIRMOUNT CAPITAL ADVISORS, INC. Kevin Currid, Assistant Regional Director, SEC Robert Fippinger, Chief Legal Officer, MSRB Ben Juergens, Executive Director in the Legal and Compliance Division, MORGAN STANLEY
11:30 a.m. - 12:15 p.m. Investor Opportunities in Hospitals and Colleges & Universities The need for new capital continues. As these industries emerge from their recent slumps in debt issuance, how will bond investors recognize and properly price value in the context of health care and higher education services? This panel will give a glimpse of how investors active in these two diverse sectors evaluate the credits and feel about the market. Moderator: Nick Sourbis, Managing Director - Fixed Income Investor Relations, NATIONAL PUBLIC FINANCE GUARANTEE CORPORATION Gerri Magie, Vice President, SWAP FINANCIAL GROUP Lilly Scher , Healthcare and Higher Ed Analyst, EATON VANCE Deborah Voit, Senior Associate, Fixed Income Credit Research, VANGUARD
Tuesday, October 27, 2015
12:15 p.m. - 1:30 p.m. Luncheon Keynote | Sponsored by:
Governor Gina Raimondo RHODE ISLAND
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
1:30 p.m. - 2:15 p.m.Greater Complexities in HealthcareThis session will touch upon population health management, physician alignment, and the uncertainty of the ACA.
Moderator: Mark Melio, Managing Partner MELIO & COMPANY, LLC Mark Lavelle, Senior Vice President, WELLS FARGO Debra Sloan , Vice President, TREASURY PARTNERS HEALTHCARE Jennifer Soule, Director Health Care, STANDARD & POOR’S RATINGS SERVICE
1:30 p.m. - 2:15 p.m.Is Higher Ed On A Financial Cliff?Bankruptcies and restructurings play a role in higher education. These panelists will focus on how to spot indicators of financial distress and what steps to incorporate to avoid falling off the cliff.
Moderator: Marc Levinson, Partner, ORRICK, HERRINGTON & SUTCLIFFE LLP Charlene Butterfield Janey, Director, STANDARD & POOR’S RATINGS AGENCY Lorraine McGowen, Partner, ORRICK, HERRINGTON & SUTCLIFFE LLP Ramin Sedehi, Managing Director, BERKELEY RESEARCH GROUP
2:15 p.m. - 3:00 pm.Provider Sponsored Health PlansThere has been surge in new provider health plan models in the past few years, including the emergence of ACOs. The most recent, PSPs, are health plans owned and operated by hospitals and/or physicians. With this new wave there are operational, financial and competitive risks that may affect the health of institutions. This panel will approach these issues associated with PSPs and offer some understanding on how to deal with the new challenges.
2:15 p.m. - 3:00 pm.Enrollment Strategies Many admissions offices are implementing new strategic enrollment strategies. This panel will discuss the various ways to diversify market draw; how to ensure successful implementation including support staff, systems and facilities; and attention to improving retention and student satisfaction. Panelists will address these issues and how they affect an institution’s perceived credit quality by credit rating analysts and investors.
Moderator: Robert Feigenson, Vice President, MORGAN STANLEY Douglas Kilcommons, Senior Vice President - Loan Team Manager, Education & Nonprofit Banking , WELLS FARGO SECURITIESJohn Stapleton, Principal & Operations Director, PASKILL STAPLETON & LORD Jerry Williams , EVP for Finance and Administration, ROGER WILLIAMS UNIVERSITY
3:00 p.m. - 3:30 pm. Networking Break | Sponsored by:
3:30 p.m. - 4:15 p.m.Alternative Funding and Non-Traditional Joint Ventures and PartnershipsPrivate placements for hospitals and health systems have expanded as a funding alternative. Several for-profit hospital joint venture partners have emerged as successful hospital operators. Hear from these leading market participants about their effective approaches.
Moderator: Brian McGough, Managing Director and Head of Healthcare Group, U.S. BANCORP Laura Parrott, Managing Director, TIAA-CREFJeffrey Sahrbeck , Managing Director, PONDER & CO. Timothy Wons, Senior Vice President Acquisitions & Development, LHP HOSPITAL GROUP, INC.
3:30 p.m. - 4:15 p.m.Green BondsSince the World Bank initially issued green bonds in 2008, the green bond market has continued to grow. Issuers have ranged from the multinational companies to the multilateral development banks. In 2014-2015, we’ve seen many municipal and higher education borrowers tap the market utilizing green bonds. Our panel will discuss this emerging market, including trends, current and potential volume, investors, structure, standards and accountability.
Moderator: Ila Afsharipour, Managing Director, U.S. BANCORP MUNICIPAL SECURITIES GROUPEdie Behr, VP/Sr Credit Officer and Manager, MOODY’S INVESTORS SERVICEPeter Coffin, Founder/President, BRECKINRIDGE CAPITAL ADVISORSSam Solomon , CFO and Treasurer, RHODE ISLAND SCHOOL OF DESIGN
4:15 p.m. - 5:00 p.m.Mergers & Acquisitions Moderator: Jeannette Price, Managing Director, Not-for-Profit Health Care Group, TIAA-CREFGregory Harden, Vice President, ADVOCATE HEALTHLaura Peabody, General Counsel, NORTHWELL
4:15 p.m. - 5:00 p.m.Repurposing Existing AssetsColleges and universities are exploring unlocking value in fixed assets, turning underperforming assets into profitable assets. As an example, a university recently purchased a hotel turning it into a residential facility, which allowed the university to pay the debt service through a joint venture agreement with another party.
Timothy Hurley, Principal, DELOITTE CRG Tom Morsch, Managing Director, THE PFM GROUP
CONCURRENT SESSIONS
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
Conference Sponsors
For more information about sponsorships and exhibiting, contact Meghan Rath at (212) 803-6074.www.bondbuyer.com/conferences/supercon
The Bond Buyer’s Health Care & Higher Education Super Conference, October 27 at the Omni Providence Hotel in Providence, RI will bring you insights from finance leaders and an agenda addressing the latest challenges facing non-profits…and their solutions!
Conference Co-Chairs
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HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCEOCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RI
HEALTHCARE & HIGHER EDUCATION FINANCE CONFERENCE
OCTOBER 27, 2015 | OMNI PROVIDENCE HOTEL | PROVIDENCE, RICALL (212) 803-6079
(212) 803-6079
www.bondbuyer.com/conferences/healthcare-higher-education/
Issuers/Nonprofit Employees $75 $95 $145
Institutional Investors $145 $195 $295
All Other Professionals $795 $895 $995
SourceMedia has secured a block of rooms exclusive to conference attendees. Please be sure to make your reservations by September 28, 2015. When booking your room, reference 102315SOURCEMED. Rooms will be available on a first come, first served basis—there’s no guarantee that rooms will be available after the cut off date.
Room Rate: $179.00 (excluding taxes)Reservations: ONLINEPhone: (401) 598-8000 | Reservation code: 102315SOURCEMED
OMNI PROVIDENCE
HOTEL1 West Exchange Street
Providence, RI 02903www.omnihotels.com
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