Independent, Objective Advice. Strong Advocacy.

Ranked No. 1 in New Healthcare Debt Issuance 13 of last 16 years according to Thomson Reuters™ Municipal Market Analysis*

What we do

We work with clients across the country to provide balance sheet performance advisory solutions. Our goal is to help clients achieve best practice integration between balance sheet resources and their strategy, operations, and capital funding needs.

We recognize that there are fundamental trade-offs between cost, flexibility, and risk, whether it be the cost of debt instruments, expectations for investment returns, or optionality associated with real estate structures. Our team employs analytical resources to help you make sound decisions about capital formation, knitting together expertise about capital management; debt and derivative advisory; real estate capital markets; strategic resource allocation; treasury operations; and invested asset strategy.

Once you have the right decision in hand, Kaufman Hall can provide industry-leading execution.

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How we help

Balance Sheet Performance Advisory Solutions


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Capital Management

We provide expert assistance in assessing potential sources of capital, evaluating your organization’s debt and credit capacity, and making the right capital structure decisions for long-term success. Our strategies help better position our clients to access external capital affordably and under the right terms.


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Treasury Operations

We partner to help improve treasury operations structure and take a more strategic approach to managing the function. Identify ways to automate manual processes, determine the right mix of credit and banking services at the right cost and terms, and optimize existing banking relationships for success.


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Real Estate Capital Markets

Our real estate capital markets team can help you comprehensively understand your real estate financing options and enhance the performance of your real assets. We develop coordinated perspectives about the strategic, financial, and operational aspects of a real estate portfolio. We work with clients to access external funding channels focused on real estate investment.


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Debt & Derivative Advisory

Capital markets are complex and dynamic. Our experts work with you to determine your organization’s specific financing needs and develop the right approach to accessing external funding channels. We serve as your advocate throughout the execution process to identify and execute on the best available transaction execution.

EXPLORE Debt and Derivative Advisory

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Strategic Resource Allocation

Our team leads you through a process of establishing and maintaining a Strategic Resource Allocation framework which dynamically connects the deployment of financial resources with claims on those resources that exist across the organization’s operations, strategy, capital and liabilities. The risk-balanced approach is designed to position resources appropriately to both protect and advance mission.


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Invested Asset Strategy

Our experts help you establish a clear and well-articulated role for your organization's investments. Our work enhances the efforts of your investment advisory team by validating your organization's approach to deploying invested assets.

Explore Invested ASSET STRATEGY

ESG’s Growing Influence in the Capital Markets

ESG integrates the dual aims of environmental stewardship and a just social mission, with governance over both.

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We Are Trusted Advisors and Thought Partners

We’ve collaborated with more than 1,000 healthcare organizations of all sizes and types, helping leaders understand the financial impact of every strategic and tactical decision they make. Contact us for expert guidance that positions your organization for success.


Robert Turner, Managing Director, Treasury & Capital Markets Practice Leader

Robert Turner is a Practice Leader in the Treasury and Capital Markets practice. He consults with healthcare clients nationwide, focusing on issues related to capital structure strategy, and the analysis and implementation of debt transactions.
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E. Hunter Beebe, Managing Director, Real Estate Service Line Lead

E. Hunter Beebe is the leader of Kaufman Hall’s Real Estate practice. He has more than 20 years of experience advising health systems, academic institutions, physician practices, developers, investors, and healthcare and higher education real estate operators. Hunter has worked on more than $10 billion in real estate related assignments for many of the nation’s largest and most sophisticated sector participants.

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Sarah Dawkins, Managing Director

Sarah Dawkins advises healthcare executives across the country on issues related to credit strategy, capital structure risk management, and the analysis and implementation of debt transactions.
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Eric Jordahl, Managing Director

Eric Jordahl directs Kaufman Hall’s Treasury and Capital Markets practice and focuses on helping healthcare organizations nationwide by providing Treasury-related transactional, strategic, and management support across all financial assets and liabilities.
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Ryan Freel, Managing Director

Ryan Freel advises healthcare leaders nationwide. His areas of expertise span capital markets transactions, mergers and acquisitions, strategic and financial planning engagements, and enterprise risk management.
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Lisa Goldstein, Senior Vice President

Lisa Goldstein is a nationally recognized analyst, speaker, writer, and expert on not-for-profit healthcare. At Kaufman Hall, she is a member of the Treasury and Capital Markets practice and Thought Leadership team.
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Marek Kowalewski

Marek Kowalewski, Senior Vice President

Marek Kowalewski works with healthcare organizations nationwide, providing financial advisory services in the areas of fixed and variable bond financings, private bank negotiations, interest rate swaps, capital structure strategy, and credit positioning.
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David Ratliff, Senior Vice President

David Ratliff focuses on advancing client’s enterprise risk and resource allocation strategies, and orchestrating suitable investment platforms, including advisor selection.
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Matt Robbins, Senior Vice President

Matt Robbins provides partnership and financial advisory services for a broad range of healthcare clients engaged in various types of transactions, such as borrowings, debt restructurings, derivatives, mergers, acquisitions, and joint ventures.
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Geoff Stenger

Geoff Stenger, Senior Vice President

Geoff Stenger is a Senior Vice President with Kaufman Hall’s Treasury and Capital Markets practice, specializing in bond issuance, private placements, and treasury management. His expertise includes bank credit financing solutions and treasury operations consulting.
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Steve Sohn

Steven Sohn, Senior Vice President

With more than 20 years of finance experience, Steve Sohn advises healthcare clients nationwide on credit positioning, financial risk management, debt offerings, interest rate swaps, private/public financial transactions, and capital structure performance.
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Our team can help to improve financial health
and reduce risk for your healthcare organization


Featured Treasury & Capital Market Insights

*Kaufman Hall was ranked the No. 1 financial advisor in the U.S. in new healthcare debt for both long-term municipal public offerings and private placements every year since 2005 with exceptions of second-place finishes in 2014, and 2018, and 2019, according to Thomson Reuters™ Municipal Market Analysis.