WARBIRD’S FINANCIAL ADVISORY & DEBT MANAGEMENT

Warbird offers its Financial Advisory and Debt Management services through Warbird Municipal Advisors, LLC (WMA) and Warbird Consulting Partners and advises clients throughout the financing process lifecycle. Warbird provides healthcare organizations with an experienced partner, providing practical advice, custom solutions, and transaction execution services with tangible results.

THE WARBIRD ADVISORY DIFFERENCE

  • WMA’s independently registered municipal advisors are skilled in tax-exempt and taxable bond issues, bank loans, and other debt. Our professionals have partnered with and shown results for governmental, not-for-profit, and for-profit hospitals; health systems; physician groups; and senior living entities. 

  • Our extensive experience in financing health systems allows us to specialize in pre-transaction and transaction execution services to meet your hospital’s or physician practice’s greatest and most urgent needs.

  • Warbird’s professionals are experienced as investment bankers, commercial bankers, financial advisors, and rating analysts. Our diverse experience includes routine financial advisory services and event-driven special situations such as covenant violations, merger or acquisition impacts on debt, credit rating downgrades and forbearance agreements.
Service Offerings
  • Debt Capacity Analysis
  • Estimation of Credit Rating
  • Financial Forecasting, Modeling and Projections
  • Development of Preliminary Plans of Finance
  • Financing Transaction RFP Management Process
  • Management of the Financing Process
  • Finalization of the Financing Structure
  • Financing Term Development and Negotiation in Collaboration with Bond Counsel and Underwriter/Lender
  • Credit Rating Material Development in Collaboration with Underwriters
  • Management of Underwriting and Bond Pricing Process
  • Ongoing Consulting Advice to Analyze Market Conditions, Financing Options, and Revised Debt Capacity
  • Consultant’s Report for Technical or Actual Bond Defaults
  • Review of Bond and Financing Documents in the Event of Covenant Defaults, Bank Replacements, and Other Matters
  • Performance Improvement, Turnaround, and Restructuring Services
  • Retained Financial Advisor for Bankruptcies

Featured Clients

Lake Charles Memorial Health System

The refinancing and restructuring of the prior debt allowed Memorial Health System to lower its overall interest cost and lower its maximum annual debt service requirements by almost $6.0 million

Charles Whitson, CFO
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Methodist Hospital of Southern California

Refinancing prior FHA-insured loan enabled Methodist Hospital to free up significant cash from reserve funds and lower maximum annual debt service requirements by more than $6.5 million

William E. Grigg, CFO
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Penn Highlands Healthcare

Warbird’s work allowed Penn Highlands Healthcare to determine a well-balanced financing size, to fully understand complex debt options, and to deliver the appropriate information to the rating agencies to achieve favorable outcomes

Heather B. Schneider, CFO
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HOW CAN WE HELP?

Warbird will help you solve the most challenging financial and operational issues for your organization. Click button to contact us today.

JORDAN MELICK

Managing Director, Healthcare Finance

Jordan has 26 years of experience in healthcare finance in a variety of positions, including a healthcare commercial lender, a rating agency analyst and manager, a senior financial executive at a large healthcare provider, a healthcare investment banker and a healthcare financial consultant. His clients have included hospitals and health systems, senior living facilities, physician practices and other healthcare-related entities. His career has focused on all areas of healthcare finance, including capital budgeting and business plans, budgeting and financial projections, supply chain, treasury (including assets, debt and capital markets), revenue cycle, information technology, credit analysis, mergers and acquisitions and other healthcare activities.

Prior to Warbird, Jordan worked for Cain Brothers, where, as managing director, he worked on a variety of healthcare investment banking projects, including bond issues, direct bank placements, mergers and acquisitions, real estate development and asset management. Previously, he was a healthcare investment banker with Raymond James & Associates, Morgan Keegan & Co. and Piper Jaffray & Co.; Director, Finance with UPMC Health System, the manager of the healthcare ratings group at Fitch and a healthcare commercial lender with Comerica.

Jordan earned his BA at the University of Michigan and his MBA at the University of Notre Dame.