From the start of its engagement with our hospital, InnoVative Capital preached the advantages of critical access hospital status to hospital management and our board. They worked with us to convert to a CAH as a method of increasing the feasibility of our replacement hospital through enhanced cost-based reimbursement. Once we received our CAH designation, North Valley became an attractive applicant for FHA 242 mortgage insurance and as our FHA mortgage banker, InnoVative Capital financed our new $29 million award-winning Planetree hospital.
