Webinar Series
Hospital Innovations, a project with expedite approvals and reserved visas; plus, the state of the EB-5 industry with Robert Divine
Thu Jul 07 2022 11:00 am EST
A discussion on some of the topical issues in EB-5 as well as Hospital Innovations - an EB-5 investment with expedite approvals Please join me for a discussion with top immigration attorney, Robert Divine from Baker Donelson as he shares some of his insights. Topics for discussion: — Implications of the recent court ruling for investors — What does expedited processing mean? — Why visa set-asides are important for investors to understand — Does concurrent filing negate the need for expedited processing? We will also discuss the Hospital Innovations deal with owner/CFO Dr John Johnson and COO Bernard Albertini. — The Hospital Innovations deal provides financing to expand the East Ohio Regional hospital in Martins Ferry, Ohio — The hospital is adding a behavioural health unit to treat patients with opioid addiction which qualifies this as a national interest investment — Prior investors have been approved for expedited processing — Dr Johnson invested over $40m of his own capital into the business and will maintain a significant equity stake — 500+ existing jobs at the hospital count towards the EB-5 requirement, ensuring more than enough jobs for all EB-5 investors — The appraisal value of the hospital is $65m Hospital Innovations, LLC, a healthcare management company with proven experience in operating health care organizations throughout Ohio, acquired the East Ohio Regional Hospital in 2020 with the vision of improving healthcare accessibility in the community. After undertaking a number of facilities improvements and equipment upgrades, the company opened the hospital to the public in February of 2021. In 2022, the company plans a complete renovation of 30,000 square feet of the hospital, converting existing space into a 46-bed inpatient behavioral health unit, an outpatient facility, and a 24-bed residential rehab unit.
