Mr. Richman is the founder of InnoVative Capital and serves as its President and CEO. Over the course of a distinguished career, he has accumulated 30-plus years of experience in the fields of hospital finance, public finance and real estate banking, while working with hospitals and healthcare providers in over 40 states.

During InnoVative Capital’s 13-year operating history, Mr. Richman has led its growth in the financing of rural and community healthcare projects throughout the United States. In doing so, he has built InnoVative Capital into a nationally recognized leader in the design, development and execution of complex financings for credit-challenged hospitals and senior living providers. Having envisioned the federal government as an active partner in its healthcare banking practice, Mr. Richman sought and received HUD and USDA approval of InnoVative Capital’s mortgage bank. Past clients have funded their project and cash flow needs through issuance of revenue and general obligation tax-exempt bonds; FHA Section 242 mortgage insured loans and bonds; commercial loans; USDA loans; variable rate demand notes secured by domestic and international bank letters of credit and government loan pools.

Through past employment, Mr. Richman has developed expertise in all areas of municipal finance including, hospitals, senior living, multi-family housing, electric utilities, toll-roads, resource recovery projects, and tax-backed obligations. Mr. Richman was the Head Municipal Bond Research at the Vanguard Group, where he directed the credit risk for a multi-billion dollar municipal bond portfolio, and served as a Vice President and Senior Hospital Analyst at T. Rowe Price Associates.

In the late 1980s, Mr. Richman co-established Credit Local de France, New York, as its Senior Vice President and Director of Public Finance and was a Vice President of investment banking at Donaldson, Lufkin & Jenrette. Mr. Richman began his career as a municipal bond analyst at Shearson American Express where he was responsible for the municipal electric utility sector.

Mr. Richman is an important contributor to the healthcare industry, authoring numerous articles and interviews pertaining to capital financing for hospitals and senior living facilities. He is a past lecturer for the hospital and municipal bond industries, as well as universities, including, the Harvard School of Public Health. Mr. Richman maintains memberships in the Mortgage Bankers Association of America, the National Federation of Municipal Analysts, Municipal Analysts Group of New York, the National Rural Health Association, HFMA, ACHE, ASHE, and the American Hospital Association. He holds an M.B.A. with a public finance specialty and a B.S. in economics from the State University of New York at Albany.