Funding

People’s Choice Hospital has direct access to the funding resources necessary for hospital acquisition, restructuring, and long-term capital investment. Efficient partnerships enable PCH to act quickly when time is truly of the essence for a distressed facility.

Profile

Assets

Capital Access
$100 Million
Target Acquisition Budget
$20 Million+
Structure
Based upon current financial state of the hospital
Securitization
All funding is underwritten by Excellsys and related financial partners
ROI Timeline
Varies based on hospital fiscal status and patient volume

Perspective

By partnering with Excellsys, People’s Choice Hospital has direct access to fast-tracked funding. This enables PCH to act quickly when hospitals in distress are in need of immediate restructuring. Acquisition budget is based on a specific set of financial parameters, which take into account the following realities of distressed hospitals.

Parameters

  • Existing Cashflow
  • Operating Budget
  • Status of A/R
  • Pending Legal Action & Collections
  • Patient Volume by Facility and Department
  • Historical Payor Mix
  • Existing Vendor Contracts
  • Historical Medicare/Medicaid Reimbursements
  • Condition of Facility Furniture/Fixtures/Equipment
  • Staff and Outsourced Clinician Group Relationships & Contracts
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Funding Partners

People’s Choice Hospital works closely with creative, highly-regarded financial professionals. Our partnership network, led by Excellsys, enables us to structure funding packages tailored to the needs of each specific facility. This ensures a smooth due diligence and acquisition process, as well as laying the groundwork for a successful turnaround of the chosen facility.

Excellsys

Excellsys was founded by Thomas H. Stateman, who was previously the president and founder of HealthStar PPO, one of the largest independent PPOs in the country with over 125,000 providers and 750,000 lives under contract. Joining Mr. Stateman is Patrick Custardo, president of Global MedServ LLC., a revenue cycle management firm located in Oak Brook, Illinois.  Mr. Custardo is licensed to practice law in the State of Illinois and has over 11 years experience in healthcare and an acknowledged expert in hospital and physician billing. Dr. Brian Mc Alary serves Excellsys as its Medical Director and head of Quality Improvement.  Dr Mc Alary is board certified in quality management. These gentlemen form the executive level team at Excellsys ACO.   This team of highly motivated professionals is leading the development of the first state-wide ACO. Excellsys offers a unique perspective on the developing ACO marketplace as well as financing of distressed hospitals. This positions Excellsys to lead the funding division of People’s Choice Hospital with a clear vision of financial realities of medical facilities and networks. With access to millions in acquisition funding, Excellsys helps to bring hospital turnaround opportunities to fruition.

Federated Healthcare IT Investment Fund

The $100M Federated Healthcare IT Investment Fund was developed by a consortium of private equity professionals with a specific interest in the Healthcare and Healthcare IT markets. The fund assesses investment opportunities on an individual basis to determine if Return on Investment (ROI) potential supports their fiscal requirements of any investment (equity, long-term profitability, etc.). The fund is positioned to independently spearhead turnaround opportunities for distressed hospitals, as well as provide direct partnership with support to Excellsys and its network of funding resources. This unique relationship translates to flexible, cost-effective financial models for hospital acquisition. Such flexibility and agility is crucial to the process, especially when hospitals require immediate financial, technical, and operational assistance to avoid closure.