Forum on Hospital Finance Disclosure

Monday, March 13, 2000                                   Friday, March 17, 2000

New York Marriott World Trade Center             San Francisco Airport Marriott

 

9:00 a.m. – 9:15 a.m.        Introduction

                                          Robert Estrada (NY/SF), Estrada Hinojosa & Company; Chairman, MSRB

 

9:15 a.m. – 10:00 a.m.      Presentation of National Federation of Municipal Analysts’ Draft Recommended Best Practices in Disclosure for Hospital Transactions

                                          Panelists –   Dina W. Kennedy (NY), Financial Security Assurance

                                                               Jeffrey M. Wilson (SF), Saybrook Capital, LLC

                                                               Emmeline Rocha-Sinha (NY/SF), MBIA Insurance Corporation

                                                               Thomas J. Weyl (NY/SF), Eaton Vance Management

 

10:15 a.m. – 11:45 a.m.    What To Tell the Market – Debating the Content of Disclosure

                                          Moderator –  John Van Gorkom (NY/SF), Washington Health Care Facilities

                                                                    Authority

                                          Panelists –   Shelley J. Aronson (NY), First River Advisory L.L.C.

                                                               Jesse Bean (SF), Catholic Healthcare West

                                                               Clare M. Curley (SF), Merrill Lynch & Co.

                                                               John N. Goetz (NY), MFS Investment Management

                                                               Steven Hollis (SF), Cain Brothers & Company, LLC

                                                               Sister Geraldine Hoyler (NY), Catholic Health Initiatives

                                                               William C. Keays (NY), Salomon Smith Barney

                                                               Rob Yolland (SF), Franklin Templeton Group

 

11:45 a.m. – 1:15 p.m.      Luncheon

                                  Disclosure and the Primary Market

                                          Moderator –  Ernesto A. Lanza (NY/SF), MSRB

                                          Panelists –   Arthur J. Henkel (SF), Bear, Stearns & Co. Inc.

                                                               C. Gordon Howie (SF), PaineWebber Incorporated

                                                               Michael R. Irwin (NY), Salomon Smith Barney

                                                               Edward C. Malmstrom (NY), Merrill Lynch & Co.

                                                               Gerald J. McGovern (SF), Brown & Wood LLP

                                                               Albert Simons, III (NY), Orrick, Herrington & Sutcliffe LLP

 

1:15 p.m. – 2:15 p.m.        When and How To Tell the Market – Debating the Timing and Method of Disseminating Disclosure

                                          Moderator –  Mary Metastasio (NY/SF), SAFECO Asset Management Co.

                                          Panelists –   Edith F. Behr (NY), New Jersey Health Care Facilities Financing

                                                                    Authority

                                                               Nancy C. Bell (NY), Hospital and Healthsystem Association of

                                                                    Pennsylvania

                                                               Rich Ciccarone (SF), Van Kampen Funds

                                                               D.R. Gardner (SF), Intermountain Health Care, Inc.

                                                               William Hansen (SF), Kaiser Permanente

                                                               Paula Stuart (NY/SF), Digital Assurance Certification

                                                               Jack E. Wells (NY), Van Kampen Funds

 

2:30 p.m. – 3:30 p.m.        Consequences of Telling (or not Telling) the Market – Debating the Legal Landscape

                                          Moderator –  Robert Dean Pope (NY/SF), Hunton & Williams

                                          Panelists –   Monty G. Humble (NY/SF), Vinson & Elkins L.L.P.

                                                               Paul S. Maco (NY/SF), Office of Municipal Securities, SEC

                                                               Thalia Meehan (NY), Putnam Investments

                                                               Stephanie Petersen (SF), Charles Schwab & Co.

                                                               Robert Zimmerman (NY/SF), Foley & Lardner

 

3:30 p.m. – 4:00 p.m.        Question and Answer Roundtable Discussion – Issues in the Current Draft: What’s Good, What’s Practical, What Else Is Needed?

                                          Panelists–    Tom Weyl (NY/SF), Eaton Vance Management

                                                               Emmeline Rocha-Sinha (NY/SF), MBIA Insurance Corporation

                                                               John Van Gorkom (NY/SF), Washington Health Care Facilities

                                                                    Authority

                                                               Mary Metastasio (NY/SF), SAFECO Asset Management Co.

                                                               Robert Dean Pope (NY/SF), Hunton & Williams

 

4:00 p.m.                           Concluding Remarks

                                          Robert A. Estrada (NY/SF), Estrada Hinojosa & Company; MSRB