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Public and nonprofit hospitals, nursing homes and related health care providers rely on state and local governments to issue tax-exempt revenue bonds to finance the construction of new facilities and the acquisition of the modern medical equipment. Because of the reduced borrowing costs, tax-exempt financing is an important tool used by health care providers to deliver the highest quality medical care at the lowest cost. As bond counsel, Gilmore & Bell is a critical member of the financing team for health care facilities and has pioneered the issuance of tax-exempt bonds through a single state agency to finance facilities located in several states, thereby reducing the administrative costs of borrowing for regional and national nonprofit health care providers.