Answers, at last. After three years of waiting, the IRS' merger financing guidelines provide a solution for the not-for-profit healthcare industry.
The long wait is finally over for the not-for-profit hospital industry. After three years of intense scrutiny, the Internal Revenue Service has proposed rules for consolidating tax-exempt debt. For not-for-profits, this move means that merger refinancing can continue for many deals left on hold. IRS lawyer Bruce Serchuk (left) helped draft the new rules, which also provide a clear path to closure for mergers completed with acquisition financing.
Jaklevic
Mary Chris
MC
D005161:Facility Regulation and Control; D006077:Government Agencies; D006273:Health Facility Merger / Q000191:economics* / Q000331:legislation & jurisprudence; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States