Crescent Growth Capital, LLC
Structuring project financing to incorporate tax credit equity.
  • About Us
  • Your Project
  • Our Process
  • Our People
  • Past Projects
  • Home
  • Our Locations
  • Contact Us
  • News/Blog
Browse: Home / 2014 / September / 04 / UAB Health Systems

UAB Health Systems

By Crescent Growth Capital on September 4, 2014

UAB Hospital

625 19th Street South, Birmingham, AL

The University of Alabama at Birmingham Health Systems is an academic health center, comprised primarily of UAB Hospital and the VA Medical Center.  Spanning 11 city blocks of downtown Birmingham, UAB Hospital is the 18th largest hospital in the nation, with nearly 1,118 beds, and serves as the primary teaching hospital for the UAB School of Medicine.  Becker’s Hospital Review recently ranked UAB Hospital as one of the “100 Great Hospitals in America,” and UAB Medicine as one of the “150 Great Places to Work in Healthcare.”  Additionally, the publication reported that more than 290 physicians across 55 specialties were named to the “Best Doctors in America.”  With more than 16,000 employees, UAB Medicine is also the second largest employer in Alabama.

In September 2014, UAB Health System and Crescent Growth Capital worked with Hancock Bank and Enhanced Capital Partners to structure and close a $10MM Alabama State QEI, financing a new $7.2MM automated Medication Dispensing System and a $965K Pharmacy Management and Barcode Packaging System.  These upgrades will dramatically improve the hospital’s ability to efficiently dispense and track the medication provided to its patients, as well as reducing medication errors, improving quality of care, heightening medication security and optimizing inventory to reduce the impact of drug shortages.  Possibly the most important benefit of these new systems is their portability, allowing seamless integration with UAB’s existing infrastructure, and minimizing ongoing system maintenance and IT involvement.

Posted in Past Projects | Tagged Alabama State NMTC, CDEs, Healthcare/Wellness, New Markets Tax Credits, Public-Private Partnerships, State New Markets Tax Credits, Tax Credit Equity, Tax Credit Investors

« Previous Next »

Categories

  • General
  • News Articles
  • Past Projects
  • Press Releases

Warning: Invalid argument supplied for foreach() in /home/cresce8/public_html/wp-content/themes/hybrid/library/classes/widget-tags.php on line 85

Adaptive Re-use Alabama State NMTC CDEs Community Development Block Grants Cultural Economy Dallas Education Enterprise Zone Federal Historic Tax Credits Federally-Qualified Health Center Federal NMTCs Florida Fresh Foods GO Zone Healthcare/Wellness Historic Preservation Historic Rehabilitation Idaho Illinois State NMTCs Kansas Live Performance Tax Credits Logistics/Warehousing/Transport Louisiana Cultural Districts Louisiana State NMTC Manufacturing Medically-Underserved Area Nebraska Nebraska State NMTC Nevada New Markets Tax Credits New Orleans Non-profits North Carolina Oklahoma Post-Katrina Recovery Project Sponsors Public-Private Partnerships San Antonio Social Services State Historic Tax Credits State New Markets Tax Credits Tax Credit Equity Tax Credit Investors Tulsa USDA Food Desert

Resources

  • Community Development Financial Institutions Fund
  • Louisiana State Division of Historic Preservation
  • National Trust for Historic Preservation
  • New Markets Tax Credit Coalition

Archives

  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008

New Orleans Office
201 St. Charles Avenue
Suite 4205
New Orleans, LA 70170
(504) 378-3470

Dallas Office
13355 Noel Road
Suite 1100
Dallas, TX 75240
(214) 746-5065

Copyright © 2023 Crescent Growth Capital, LLC. Web Design