Attach to Form 990 or Form 990-EZ.
See separate instructions.| (i) Name of supported organization |
(ii) EIN |
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) |
(iv) Is the organization in col. (i) listed in your governing document? |
(v) Did you notify the organization in col. (i) of your support? |
(vi) Is the organization in col. (i) organized in the U.S.? |
(vii) Amount of support? |
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| Yes | No | Yes | No | Yes | No | ||||
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| Calendar year(or fiscal year beginning in) | (a) 2006 | (b) 2007 | (c) 2008 | (d) 2009 | (e) 2010 | (f) Total | |
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| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3.. | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public Support. Subtract line 5 from line 4. | ||||||
| Calendar year(or fiscal year beginning in) | (a) 2006 | (b) 2007 | (c) 2008 | (d) 2009 | (e) 2010 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets.. | ||||||
| 11 | Total support (Add lines 7 through 10). | ||||||






| Calendar year(or fiscal year beginning in) | (a) 2006 | (b) 2007 | (c) 2008 | (d) 2009 | (e) 2010 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513.. | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 6 | Total. Add lines 1 through 5. | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons... | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public Support (Subtract line 7c from line 6.) | ||||||
| Calendar year (or fiscal year beginning in) | (a) 2006 | (b) 2007 | (c) 2008 | (d) 2009 | (e) 2010 | (f) Total | |
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| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) | ||||||
| 13 | Total support (Add lines 9, 10c, 11 and 12.). | ||||||




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Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
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| FORM 990 PART III LINE 4A | Providing Inpatient and Outpatient healthcare services to the community regardless of the patients' ability to pay. Included in this program service are the provision of charity care and trauma care. As part of its community benefits strategy and its mission, Advocate is committed to promoting initiatives that enhance access to health care for the uninsured and underinsured. An example of this is Advocate's provision of charity care. Advocate offers a very generous charity care program - requiring no payments from the patients most in need, and providing discounts to uninsured patients earning up to six times the federal poverty level and to insured patients earning up to four times the poverty level. Although Advocate's Charity Care Policy is very generous, Advocate continues to review and refine its policy in an ongoing effort to ensure that financial assistance is available to those who need help when they need it. Advocate hospitals maintain highly visible signage and brochures in multiple languages to inform patients of the availability of financial help and financial counselors. Information about Advocate's charity care program and charity applications is provided to all uninsured patients during registration and as an insert in all uninsured patients' bills. Additionally, Advocate is one of the largest providers of health care services to Medicaid and Medicare patients in Chicago and the surrounding suburbs. In the area of Trauma Care - Advocate Health Care is dedicated to providing expert emergency care - today and in the future. Advocate's Level I Trauma Centers care for the most seriously injured people in Chicagoland. Advocate's trauma centers comprise 25% of Illinois' trauma centers having this highest designation level. As is the case with all Illinois Level I Trauma Centers, Advocates trauma centers are staffed by on-site, 24-hour-a-day trauma surgeons; feature 24-hour surgical and nonsurgical services, such as radiology and anesthesia; and can accommodate helicopter transports. FORM 990 PART III LINE 4B Health care services provided by physicians employed by the organization. As part of Advocate's broad array of services and programs designed to meet community health needs, Advocate physicians focus on addressing the most significant issues impacting public health in its service area. Through this focused approach, they also concentrate on providing programs and services that target the unique needs for health care access of uninsured, underinsured, underserved and special needs individuals living in Chicagoland communities. At the Adult Down Syndrome Clinic on the Advocate Lutheran General Hospital campus, for example, Advocate physicians provide crucial psychosocial and medical services to individuals with Down syndrome living in Illinois and the Midwest. Many individuals in this unique population receive public assistance and, in most instances, there are few sources of reimbursement for these much needed services. A community partnership with the Main East High School Health Center places Advocate physicians at the school to provide uninsured and underinsured students with free or low-cost physicals, immunizations, behavioral health treatment, nutritional education and counseling. These services help the students meet state-mandated physical and immunization requirements. In addition to the examples provided above, Advocate physicians also provide year round health education, lectures and screenings at community health events throughout the metropolitan Chicago area. | |
| FORM 990 PART III LINE 4 C | Graduate Medical Education. Advocate is committed to training health care providers in a broad range of specialties. Each year, more than 2,000 medical students complete rotations and 600 residents and fellows receive hands-on training at Advocate's teaching hospitals - Advocate BroMenn Medical Center, Advocate Christ Medical Center and Advocate Lutheran General Hospital. Not included in the above expense and revenue amounts, but important to the organizations role in training health care professionals are nursing residency programs at Advocate Good Samaritan Hospital, as well as programs which train students in respiratory care, radiologic technology, physical therapy and other disciplines at Advocate sites of care. | |
| FORM 990 PART III 4 D | Other program services | Description of Advocate Health Care Advocate Health Care is one of the nation's leading health care delivery networks and is the second largest private-sector employer in the Chicago area. As part of a network with over 250 sites of care, its more than 30,000 associates provide care at ten acute care hospitals and two full-service children's hospitals totaling 3,256 licensed beds--in 2010. Advocate provides expert emergency care to the Chicago area's seriously injured people through its five Level I Trauma Centers which comprise the largest emergency and Level 1 Trauma network in Illinois. The organization is also recognized as having one of the largest home health companies in the state. Of the 6,000 physicians affiliated with Advocate, more than 3,800 belong to Advocate Physician Partners, the system's care management and managed contracting organization and 900 belong to system's affiliated medical groups. Advocate is also committed to training future health care providers in its professional medical education program developed and sustained through an affiliation with the University of Illinois at Chicago Health Sciences Center. Incorporated as Advocate Health Care in January 1995, the system has a long tradition of health care dating back more than 100 years to hospitals founded by predecessor churches of the Evangelical Lutheran Church in America and the United Church of Christ. Advocate's common mission, values, and philosophy (MVP) was developed from the similar mission-oriented histories of both organizations. The Mission of Advocate Health Care is to serve the health needs of individuals, families and communities through a wholistic philosophy rooted in our fundamental understanding of human beings as created in the image of God. The Values of Advocate serve as an internal compass to guide relationships and actions. They include equality, compassion, excellence, partnership' and stewardship. The Philosophy of Advocate is grounded in the principles of human ecology, faith, and community-based health care. These principles arise from an understanding of human beings as whole persons in light of their relationships with God, themselves, their families and society in which they live. Through our actions we affirm these principles. Population Served Advocate Health Care provides quality medical health care to various communities in the Chicagoland area regardless of race, creed, national origin, age or ability to pay. Advocate Health Care annually serves over 4.3 million people. In 2010, Advocate experienced 170,847 inpatient admissions, 4,100,863 outpatient visits and 20,009 deliveries. Advocate Home Health Services had 18,445 admissions and Advocate Hospice reported 93,140 adult patient days. Commitment to the Community In 1997, based on recommendations of the Community Benefits Task Force of the Advocate Health Care Board of Directors, Advocate reaffirmed its commitment to a community benefit program comprised of charity care; cost of unreimbursed care to Medicaid recipients, unreimbursed costs of services and programs addressing community health, wellness and service needs; and donations. That definition was later expanded to include other services, such as language assistance and volunteer services for example, in compliance with the Illinois Community Benefits Act passed by the Illinois State Legislature in 2003. Even in the face of low reimbursements, Advocate is dedicated to maintaining a strong presence within its communities and continues to monitor these expenditures to make certain that the programs and services supported are in direct response to their needs. In 2010, Advocate reported over $473.8 million in charitable care and services. These services are comprised of many community health programs focused on improving access to care, addressing special needs and improving overall community health. |
| FORM 990 PART III 4 D (CONTD) | Community Benefits Plan, Goals and Examples of Program Service Accomplishments Advocate's Community Benefits Plan was developed to establish strategies for improving access to care and to positively affect the health of the communities that it serves. The Plan sets the course for strengthening existing partnerships and building new ones with individuals and organizations within Advocate's primary service areas in order to leverage and maximize the impact of its programs. In developing its plan, Advocate set four goals and corresponding objectives to accomplish this strategy. Although each goal is supported by multiple programs/projects throughout the Advocate system, only two program examples have been selected as examples of Advocate's working towards each goal. The four goals and corresponding examples are provided below. Goal # 1-Promote initiatives that enhance access to health care for the uninsured and underinsured. Charity Care-Advocate offers a very generous charity care program-requiring no payments from the patients most in need, and providing discounts to uninsured patients earning up to six times the federal poverty level and to insured patients up to four times the poverty level. Advocate is also one of the largest providers of health care services to Medicaid and Medicare patients in Chicago and the surrounding suburbs. Federally Qualified Health Centers (FQHC)-Advocate has a partnership with a Federally Qualified Health Center through Advocate South Suburban Hospital to improve access to primary care services for uninsured and underinsured individuals in those areas. In addition, Advocate Good Shepherd Hospital has partnered with the Family Health Partnership Clinic in Woodstock - a free clinic. Working with other area hospitals, Advocate Good Samaritan Hospital supports and provides services to sustain the Access DuPage organization - a community collaboration designed to provide low-cost primary medical care services to the low-income, medically-uninsured residents of DuPage County. Advocate Christ Medical Center has a partnership with the Access to Care organization and provides diagnostic radiology services, such as mammograms. Advocate Good Shepherd Hospital has partnered with the Lake County Health Department to provide free diagnostic services, such as colonoscopies, radiology exams, MRIs, CT scans and biopsies to the uninsured and underserved residents of Lake County. Advocate BroMenn Medical Center provides a Family Health Clinic, which ensures access and subsidized care to underinsured families, regardless of their ability to pay. Goal #2-Positively impact the health status and quality of life of individuals living in the communities served by Advocate Health Care in a manner consistent with its mission. School-Based Health Center- When Maine Township District 207 was faced with more than 30 percent of its Maine East High School students not meeting state-mandated physical and immunization requirements due to their families not having any or having inadequate medical insurance, the district established a school-based health center to provide medical services to these students. The school district then collaborated with Advocate Medical Group and Advocate Lutheran General Hospital to provide these uninsured/underinsured students with access to vital health care services. The center provides free or low cost services, including physicals, immunizations, emergent care, behavioral health treatment, nutritional counseling and educational programs. The center's medical director and staff have had more than 15,000 student contacts since the facility's inception in March 2003. Wauconda Obesity Project- Advocate Good Shepherd Hospital expanded its partnership from two to four local school districts in 2010 to help establish fitness programs for youth to combat the escalating obesity dilemma. To date, the program includes 1,560 kids. Partnering schools have made significant improvements to their environment to encourage healthy behaviors among students. In addition, the Barrington school district provides education to Hispanic families. There are an additional eight schools on the horizon as well. Operation Click - Motor vehicle crashes are the leading cause of death for youths under the age of 20. Operation Click is a seat belt compliance program which has been sponsored by Advocate Good Shepherd Hospital since its inception in 1998. The program began in three high schools in District 155 (Crystal Lake and Cary Grove) and it has proven to increase compliance rate for seatbelt usage. Operation Click has expanded to 31 schools in the 2010-2011 school year with 3,931 students signing commitment forms to wear and have their passengers wear seat belts, and the program is expected to continue expanding in 2011. | |
| FORM 990, PART III 4 D(CONTD) | Goal #3-Build strong relationships with the faith community, elected officials and community organizations to enhance community outreach efforts. In 2006, Advocate established the Advocate Bethany Community Health Fund to support local not-for-profit organizations as they build, promote and sustain healthy communities on the West Side of Chicago. In 2010, the Fund awarded more than $800,000 in continuation grants to 38 West Side organizations aimed at strengthening these organizations. This support represents Advocate's belief that transformational philanthropy involves not only funding successful programs, but also providing opportunities for organizations to develop their overall capacity. To that end, the Fund Board also partnered with Goodcity - a West Side community organization - to implement the Bethany Fund Capacity Building Initiative. Through this pilot program, an additional $50,000 was awarded to provide intensive and individualized capacity-building services to select grantees over a one-year period. Grantees received one-on-one coaching in areas such as board development, grant writing and other fundraising, strategic planning, budgeting and marketing. Since the Board's installation in 2007, it has awarded more than $3 million to organizations that promote health and wellness and address health disparities for community residents. Advocate Lutheran General's Adult Down Syndrome Center--Established in the early 1990's through a partnership between the hospital and the National Association for Down Syndrome (NADS), Advocate Lutheran General Hospital's Adult Down Syndrome Center is the largest center of its kind in the world. The Center provides crucial psychosocial and medical services to individuals with Down syndrome living in all areas of Illinois and across the Midwest. Many in this unique population are on public assistance and, in most instances, there are few sources of reimbursement for these much-needed services. The Center's multidisciplinary approach to comprehensive medical care, with a strong emphasis on preventive medicine, provides practical approaches to health education and health risk reduction. To date, the clinic's multidisciplinary team has served the health and psychosocial needs of over 5,000 adolescents and adults with Down syndrome. Goal #4-Promote a system-wide collaborative approach to community benefits, building on existing resources and maximizing Advocate's ability to continue programs to fulfill its mission. Healthy Steps- Through its Healthy Steps program, Advocate touched nearly 6,000 young children in 2010 through early childhood programs within pediatric/family practice residencies at Advocate Illinois Masonic Medical Center, Advocate Lutheran General and Advocate Hope Children's Hospitals. This system-wide program uses a national model to engage parents as partners with physicians in their children's health. Healthy Steps specialists help bridge the two groups by preparing parents to take an active role in, and physicians to assess and meet more effectively, a range of child development needs. In addition, Healthy Steps is implementing, in collaboration with the Illinois Chapter of the American Academy of Pediatrics, an initiative to train primary care providers across the state to use validated tools for developmental and family risk factor screening (such as post partum depression) and how to refer for follow-up care. During 2010, Advocate trained 709 primary care staff across the state including 303 primary care providers who provide care to 98,200 children between birth and age three in Illinois. Mission and Spiritual Care-Advocate Health Care's Office for Mission and Spiritual Care provides clinical chaplains and ethicists who offer support and services to the individuals and families that Advocate serves. The Office also develops partnerships with communities and congregations to help address local health care needs. An example of this is Advocate's support/co-sponsorship of 17 Advocate parish nurses serving 20 congregations and 12 network nurses serving 11 congregations who provide health education, wellness promotion, health screenings, advocacy and spiritual support to faith communities in Advocate's city and suburban hospital service areas. FORM 990, PART VI, LINE 2 As Dr. James Dan, Gail Hasbrouck, James Doheny, and Dominic Nakis are either directors or officers of wholly owned Advocate entities, they are deemed to have a business relationship pursuant to the instructions for Form 990. As Dr. James Dan, Gail Hasbrouck, James Doheny, and Scott Powder are either directors or officers of wholly owned Advocate entities, they are deemed to have a business relationship pursuant to the instructions for Form 990. As Dr. James Dan, Gail Hasbrouck, James Doheny, Scott Powder, and Karen Lambert are either directors or officers of wholly owned Advocate entities, they are deemed to have a business relationship pursuant to the instructions for Form 990. As Dr. James Dan and Dr. Lee Sacks have a business relationship, are either directors or officers of wholly owned Advocate entities, they are deemed to have a business relationship pursuant to the instructions for Form 990. As Dr. James Dan, Gail Hasbrouck, James Doheny, Scott Powder, and William Santulli are either directors or officers of wholly owned Advocate entities, they are deemed to have a business relationship pursuant to the instructions for Form 990. | |
| Description of Classes of Members or Stockholders | Form 990, Part VI, Question 6 | Bylaws provide for corporate members. Description of Classes of Persons and the Nature of Their Rights Form 990, Part VI, Question 7a Directors of the Board are Corporate Members of Advocate Health and Hospital Board, which elects the Board of Directors. Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights Form 990, Part VI, Question 7b There are reserve powers indentified in the bylaws that require the approval of the Corporate Members. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11B The Forms were reviewed by members of the Audit committee. A member of accounting management and the Ernst and Young tax principal coordinated the review. The finalized Form 990s were posted for the Board of Directors to review prior to filing. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c The Vice President and Chief Compliance Officer sends the corporation's Code of Business Conduct and Conflict of Interest Policy to its interested persons, including members of Advocate's Board of Directors or Governing Councils, officers, associates, volunteers, and medical staff members. All parties are required to read and provide a disclosure statement to the Vice President and Chief Compliance Officer who summarizes the disclosures to the Executive Management and Audit Committee for review. The summaries are then provided to the Chief Executive. |
| Offices & Positions for Which Process was Used, & Year Process was Begun | Form 990, Part VI, Question 15a & 15b | Executive compensation at Advocate Health and Hospital Corporation is based on a Board of Directors' approved strategy that guides the corporation in establishing compensation opportunities for executives, managers, professionals and all employees. In this strategy, specific market comparisons are identified and the desired levels of competitiveness in those markets specified. In addition, the linkage of executive pay to performance is articulated and how this relationship is to be maintained is outlined. To support and implement the compensation strategy, five basic elements are utilized. These elements are: -A solid, reliable and tested job evaluation methodology. -Accurate, quality and relevant compensation survey information. -A consistent annual process for updating the compensation levels. -An active Board review process including review by a compensation committee that assures compliance with the compensation strategy and on-going review of the performance of the organization, and -Active, external review and auditing of compensation by external independent consultants |
| Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public | Form 990, Part VI, Question 19 | The organization makes its financial statements available to the public through the following web sites: dacbond.com (Digital Assurance Certification LLC) emma.msrb.org (Electronic Municipal Market Access). The Organization does not make its governing documents or conflicts interest policy available to the public. |
| OFFICER IS EMPLOYEE OF RELATED CORPORATION | FORM 990, PART VII, SECTION A, LINE 1A | Jose Elizondo, MD is an employee of Advocate North Side Health Network and is a director of Advocate Health & Hospitals Corporation. He generally works 40 hours per week. Approximately 4 hours of his regular work week are spent providing services to related organizations. |
| Other changes in net assets or fund balances | FORM 990, PART XI, LINE 5 | NET UNREALIZED GAIN ON INVESTMENTS $138,095,998 Intercompany Allocations $133,715 FASB 158 ADJUSTMENTS $26,234,449 LIQUIDATION OF AFFILIATED COMPANY $2,386,347 RESTRICTED FUNDS ACQUIRED $240,233 FMV OF NET ASSETS ACQUIRED $217,346,840 OTHER (10) |
| SCHEDULE K - SUPPLEMENTAL INFORMATION | SCHEDULE K PART 1 LINE A(F) | THE PROCEEDS OF THE ILLINOIS HEALTH FACILITIES AUTHORITY REVENUE BONDS, SERIES 2003A, 2003B AND SERIES 2003C (ADVOCATE HEALTH CARE NETWORK) WERE ISSUED FOR THE PURPOSE, TOGETHER WITH OTHER AVAILABLE FUNDS, OF FINANCING CERTAIN CAPITAL EXPENDITURES OF THE HEALTH CARE FACILITIES OF THE ORGANIZATION AND ADVOCATE NORTH SIDE HEALTH NETWORK. SCHEDULE K PART I LINE B(F) THE PROCEEDS OF THE ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2007B-1, SERIES 2007B-2 AND SERIES 2007B-3 (ADVOCATE HEALTH CARE NETWORK), WERE ISSUED ON OCTOBER 10, 2007 FOR THE PURPOSE, TOGETHER WITH OTHER AVAILABLE FUNDS, OF REFUNDING ALL OR A PORTION OF THE ORGANIZATION'S SERIES 1997A BONDS, SERIES 1997B BONDS, SERIES 2003B BONDS AND SERIES 2005 BONDS. THE SERIES 2007B BONDS WERE EXCHANGED FOR THE ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2008C-1, SERIES 2008C-2A, SERIES 2008C-2B, SERIES 2008C-3A, AND SERIES 2008C-3B (ADVOCATE HEALTH CARE NETWORK) ON APRIL 25, 2008. BASED ON THE ADVICE OF BOND COUNSEL, THE ORGANIZATION IS TREATING THE SERIES 2008C BONDS AS THE SAME ISSUE AS THE SERIES 2007B BONDS FOR FEDERAL INCOME TAX PURPOSES. SCHEDULE K PART I LINE C(F) THE PROCEEDS OF THE ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2010 (ADVOCATE HEALTH CARE NETWORK) WERE ISSUED FOR THE PURPOSE, TOGETHER WITH OTHER AVAILABLE FUNDS, OF REFUNDING THE ORGANIZATION'S SERIES 2008B-1, SERIES 2008B-2, SERIES 2008B-3, SERIES 2008B-4 AND SERIES 2008B-5 BONDS, OF FINANCING THE COSTS RELATED TO THE MERGER WITH BROMENN HEALTHCARE SYSTEM AND THE COSTS RELATED TO CONSTRUCTING AND EQUIPPING A NEW PATIENT TOWER FOR ADVOCATE BROMENN MEDICAL CENTER AS WELL AS FINANCING CERTAIN CAPITAL EXPENDITURES AT OTHER HEALTH CARE FACILITIES OF THE ORGANIZATION. THE MERGED ASSETS INCLUDE BROMENN REGIONAL MEDICAL CENTER, A 221-LICENSED BED ACUTE CARE HOSPITAL LOCATED IN BLOOMINGTON, ILLINOIS AND EUREKA COMMUNITY HOSPITAL, A 25-LICENSED BED GENERAL ACUTE CARE HOSPITAL LOCATED IN EUREKA, ILLINOIS. SCHEDULE K PART I LINE D(F) THE PROCEEDS OF THE ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2008A-1, SERIES 2008A-2 AND SERIES 2008A-3 (ADVOCATE HEALTH CARE NETWORK)WERE USED, TOGETHER WITH OTHER AVAILABLE FUNDS, FOR THE PURPOSE OF REFUNDING ALL OF THE ORGANIZATION'S SERIES 2007A BONDS, WHICH WERE ISSUED ON OCTOBER 10, 2007. SCHEDULE K PART I LINE E(F) THE PROCEEDS OF THE ILLINOIS FINANCE AUTHORITY REVENUE BONDS, SERIES 2008D (ADVOCATE HEALTH CARE NETWORK) WERE ISSUED FOR THE PURPOSE, TOGETHER WITH OTHER AVAILABLE FUNDS, OF FINANCING THE COSTS OF PURCHASING ASSETS OF CONDELL MEDICAL CENTER AND THE COSTS OF CONSTRUCTING AND EQUIPPING A NEW PATIENT TOWER FOR ADVOCATE CONDELL MEDICAL CENTER. THE ACQUIRED ASSETS INCLUDE CONDELL MEDICAL CENTER, A 283-LICENSED BED ACUTE CARE HOSPITAL LOCATED IN LIBERTYVILLE, ILLINOIS. SCHEDULE K PART III LINE 3C INTERNAL COUNSEL REVIEWS ALL MANAGEMENT OR SERVICE CONTRACTS AND RESEARCH AGREEMENTS. THEREFORE, THE ORGANIZATION DOES NOT ROUTINELY ENGAGE OUTSIDE BOND COUNSEL TO REVIEW THE CONTRACTS. BOND COUNSEL DOES REVIEW CONTRACTS RELATED TO THE FINANCED PROPERTY DURING DUE DILIGENCE PRIOR TO A BOND TRANSACTION. SCHEDULE K PART III LINES 4-6 PRIVATE BUSINESS USE PERCENTAGE WAS CALCULATED BASED ON NEW MONEY PORTION OF THE BOND ISSUE ONLY. SCHEDULE K PART III LINE 1 ADVOCATE NORTH SIDE HEALTH NETWORK IS A PARTNER WITH THE REHAB INSTITUTE OF CHICAGO, A 501(C)(3) ORGANIZATION, WHICH PROVIDES REHABILITATION SERVICES AT AN ADVOCATE HOSPITAL. SCHEDULE K PART IV LINE 1 NO ARBITRAGE REBATE PAYMENT WAS DUE, THEREFORE AHHC WAS NOT REQUIRED TO FILE FORM 8038-T. |
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