Welcome to National Healthcare Capital, LLC
We arrange low-cost financing for the major capital projects of non-profit healthcare institutions.
- We are focused. There are certain kinds of financing needs for which we are not a sensible solution, and we will be quick to tell you so. But if you encounter a capital financing need for which we are a good fit, we are likely to be your most suitable and least expensive alternative. Please see “Our Scope of Practice” for more.
- We use a non-traditional technique to help our clients meet the financing objectives they have likely been targeting all along. Please see “Our Technique” for more.
- The hybrid financing approach in which we specialize involves elements of both tax-exempt public finance and commercial lending, and also requires a deep understanding of the healthcare industry. Even though we did not know it at the time, we began preparing for this about forty years ago. Please see “Principals” for more.
- Yes, we’re a small firm. Yet we’re just the right size to do what we do, without unnecessary overhead. We believe that the real test is not our size, but our ability to deliver. We have more experience in privately placing the tax-exempt revenue notes of non-profit hospitals with commercial banks than any firm in the north central United States. Please see “Completed Engagements” for more.
We look forward to hearing about your plans, circumstances, and financing objectives; reviewing your debt capacity; sharing ideas on how to prepare to finance your project; and telling you more about your options, including our technique. Just contact us as indicated above. Or you might use the contact information under “Completed Engagements” to ask our clients – your peers – why they chose us, whether we delivered, and whether they would work with us again.
Engagements by Year
| 2026 Engagements | ||
| Meeker Memorial Hospital | Litchfield, MN | $30,000,000 |
| Tamarack Health Ashland Medical Center | Ashland, WI | $2,000,000 |
| 2025 Engagements | ||
| Tamarack Health Ashland Medical Center | Ashland, WI | $8,000,000 |
| Mitchell County Regional Health Center | Osage, IA | $7,200,000 |
| 2023 Engagements | ||
| Tamarack Health Hayward Medical Center | Hayward, WI | $13,200,000 |
| Regional Health Services of Howard County | Cresco, IA | $8,350,000 |
| 2022 Engagements | ||
| Riverwood Healthcare Center | Aitkin, MN | $50,470,000 |
| 2021 Engagements | ||
| Tri-County Health Care | Wadena, MN | $63,725,000 |
| Pipestone County Medical Center | Pipestone, MN | $5,995,000 |
| 2020 Engagements | ||
| Madison Healthcare Services | Madison, MN | $13,410,000 |
| Tamarack Health Hayward Medical Center | Hayward, WI | $13,100,000 |
| 2019 Engagements | ||
| Tamarack Health Ashland Medical Center | Ashland, WI | $30,000,000 |
| Brodstone Memorial Hospital | Superior, NE | $10,000,000 |
| 2018 Engagements | ||
| Jackson County Regional Health Center | Maquoketa, IA | $17,870,000 |
| United Hospital District | Blue Earth, MN | $9,430,000 |
| 2017 Engagements | ||
| Hopedale Medical Foundation | Hopedale, IL | $18,350,000 |
| Meeker Memorial Hospital | Litchfield, MN | $16,000,000 |
| Tri-County Health Care | Wadena, MN | $14,400,000 |
| Mitchell County Regional Health Center | Osage, IA | $9,000,000 |
| 2016 Engagements | ||
| Johnson Memorial Health Services | Dawson, MN | $23,360,000 |
| Riverwood Healthcare Center | Aitkin, MN | $21,985,000 |
| Glacial Ridge Health System | Glenwood, MN | $20,000,000 |
| Horn Memorial Hospital | Ida Grove, IA | $12,300,000 |
| Essentia Health Northern Pines | Aurora, MN | $7,755,000 |
| Osceola Community Hospital | Sibley, IA | $4,775,000 |
| Perham Health and Living | Perham, MN | $2,300,000 |
| 2015 Engagements | ||
| Essentia Health Sandstone | Sandstone, MN | $21,170,000 |
| Ely-Bloomenson Community Hospital | Ely, MN | $11,970,000 |
| Glacial Ridge Hospital Foundation | Glenwood, MN | $6,000,000 |
| Canby Community Hospital District | Canby, MN | $1,100,000 |
| 2014 Engagements | ||
| Western Wisconsin Health | Baldwin, WI | $32,500,000 |
| Knoxville Hospital and Clinics | Knoxville, IA | $17,300,000 |
| Memorial Medical Center | Ashland, WI | $7,120,000 |
| Clearwater Valley Hospital | Orofino, ID | $4,705,000 |
| 2013 Engagements | ||
| Ridgeview Medical Center | Waconia, MN | $32,075,000 |
| Crossing Rivers Health | Prairie du Chien, WI | $27,500,000 |
| Glacial Ridge Health System | Glenwood, MN | $15,870,000 |
| Perham Health and Living | Perham, MN | $14,000,000 |
| Brodstone Memorial Hospital | Superior, NE | $8,000,000 |
| 2012 Engagements | ||
| Phelps Memorial Health Center | Holdrege, NE | $15,000,000 |
| Hopedale Medical Foundation | Hopedale, IL | $13,900,000 |
| Murray County Medical Center | Slayton, MN | $8,100,000 |
| Burgess Health Center | Onawa, IA | $6,260,000 |
| Flambeau Hospital | Park Falls, WI | $5,425,000 |
| Hansford County Hospital District | Spearman, TX | $3,310,000 |
| 2011 Engagements | ||
| Amery Regional Medical Center | Amery, WI | $37,800,000 |
| Tamarack Health Ashland Medical Center | Ashland, WI | $13,830,000 |
| Fort Madison Community Hospital | Fort Madison, IA | $8,500,000 |
| Western Wisconsin Health | Baldwin, WI | $7,155,000 |
| Bigfork Valley Hospital | Bigfork, MN | $2,800,000 |
| 2010 Engagements | ||
| Perham Health and Living | Perham, MN | $30,000,000 |
| Avera St. Anthony’s Hospital | O’Neill, NE | $14,665,000 |
| Gibson Area Hospital | Gibson City, IL | $11,720,000 |
| Paynesville Area Hospital District | Paynesville, MN | $2,000,000 |
| 2009 Engagements | ||
| Franklin General Hospital | Hampton, IA | $11,500,000 |
| United Hospital District | Blue Earth, MN | $11,005,000 |
| Kossuth Regional Health Center | Algona, IA | $10,460,000 |
| Tamarack Health Hayward Medical Center | Hayward, WI | $9,500,000 |
| Montgomery County Memorial Hospital | Red Oak, IA | $8,700,000 |
| Lakewood Health System | Staples, MN | $3,000,000 |
| 2008 Engagements | ||
| Ely-Bloomenson Community Hospital | Ely, MN | $14,640,000 |
| North Country Health Services | Bemidji, MN | $13,125,000 |
| West River Health Services | Hettinger, ND | $5,275,000 |
| Morrison Community Hospital | Morrison, IL | $3,560,000 |
| Tamarack Health Hayward Medical Center | Hayward, WI | $2,570,000 |
| Deuel County Memorial Hospital | Clear Lake, SD | $1,105,000 |
| 2007 Engagements | ||
| Ridgeview Medical Center | Waconia, MN | $32,335,000 |
| Osceola Medical Center | Osceola, WI | $21,080,000 |
| Burnett Medical Center | Grantsburg, WI | $16,850,000 |
| Glacial Ridge Health System | Glenwood, MN | $11,200,000 |
| Grant Regional Health Center | Lancaster, WI | $8,000,000 |
| Regina Medical Center | Hastings, MN | $6,130,000 |
| Lakewood Health System | Staples, MN | $4,800,000 |
| Boscobel Area Health Care | Boscobel, WI | $4,200,000 |
| Johnson Memorial Health Services | Dawson, MN | $3,800,000 |
National Healthcare Capital, LLC
5744 Duncan Lane / Edina, Minnesota 55436
Registered Municipal Advisor with the Municipal Securities Rulemaking Board (MSRB) and the Securities and Exchange Commission (SEC).