Bacastow, Daniel J.

Current Employment Position(s)

Of Counsel

Lawyer Overview

Dan Bacastow has assisted hospitals, hospital systems, and universities and their underwriters and conduit issuers in successfully structuring and implementing major tax-exempt financings for their capital needs for more than 27 years. He has served as bond counsel, underwriter's counsel, bank counsel, and borrower's counsel in financings and related transactions and has structured, negotiated, drafted, and implemented innovative fixed rate, variable rate, multimodal, and put bond financing structures. Dan has advised health care and university clients regarding continued compliance with tax-exempt bond document covenants, including in audits before the IRS, and counsels nonprofit institutions in implementing prudent investment strategies for tax-exempt bond proceeds.

Dan has recently served as bond counsel in financings through the South Dakota Health and Educational Facilities Authority, Illinois Finance Authority, and Iowa Finance Authority; as underwriter's counsel for Morgan Stanley, J.P. Morgan, Piper Jaffray, Banc of America, Merrill Lynch, Wells Fargo, and William Blair; as bank counsel for Wells Fargo Bank, JPMorgan Chase, and The Northern Trust Company; and as special finance counsel for Avera Health, Rapid City Regional, Presentation Health, and Sanford Health. Recent financings include major capital financings for Iowa Health, Rapid City Regional, Essentia Health, The Cleveland Clinic Foundation, Northwestern University, and Georgia Tech University.

Dan is a member of the American Health Lawyers Association and the National Association of Bond Lawyers and speaks regularly before industry groups regarding compliance and regulatory developments, including most recently on the causes and aftermath of the credit market crisis.

Areas of Practice

• Health Care
• Finance/Health Care
• Financial Services

Representative Cases

• Citigroup Global and Morgan Stanley underwrite bonds for Iowa Health System
• J.P. Morgan Securities Inc., Banc of America Securities LLC and Wells Fargo Brokerage Services, LLC underwrite Iowa Health System bonds , (2009)
• J.P. Morgan Securities offers revenue bonds to National Healthcare Research and Education Finance Corporation
• J.P. Morgan Securities underwrites $150,000,000 Series 2008A revenue bonds , (2009)
• J.P. Morgan Securities underwrites bonds for building construction on Cleveland Clinic campus
• J.P. Morgan Securities, Banc of America Securities and Wells Fargo Brokerage Services underwrite Iowa Health System Bonds
• JP Morgan underwrites $50,000,000 Iowa Health System Bonds, Reoffers , (2009)
• JPMorgan Chase Bank negotiates credit with Northwestern University
• Memorial Health System issued $25,000,000 for new medical office building
• Memorial Health System remodels its facilities
• Merrill Lynch and Morgan Keegan underwrite Georgia Tech revenue bonds
• Morgan Stanley and J.P. Morgan Securities underwrite $125,000,000 Illinois Finance Authority Adjustable Rate Revenue Bonds, Northwestern University, Series 2008 , (2009)
• Morgan Stanley to underwrite bonds for Northwestern University
• Northern Trust Company delivers LOC to Northwestern University
• Piper Jaffray and Goldman Sachs underwrite $234,195,000 bonds for Essentia Health
• Piper Jaffray underwrites bonds for Benedictine Health and St. Mary's Duluth Clinic
• Piper Jaffray underwrites bonds for Trinity , (2009)
• Piper Jaffray underwrites bonds to refinance Trinity Health System debt
• Piper Jaffray and Goldman Sachs underwrite Essentia Health bonds
• Providence Services receives tax-exempt bonds
• South Dakota Health and Education Facilities Authority issues $72,755,000 revenue bonds to Sanford Health
• South Dakota Health and Educational Facilities Authority bonds finance inpatient surgery tower and acute care facility
• South Dakota Health and Educational Facilities Authority issued tax-exempt bonds for behavioral health hospital
• South Dakota Health and Educational Facilities Authority issues $70,565,000 Revenue Bonds, Series 2009 (Sanford Health)
• South Dakota Health and Educational Facilities Authority issues auction rate securities
• South Dakota Health and Educational Facilities issues $251,020,000 variable rate demand and fixed rate revenue bonds, Series 2008A-C (Avera Health Issue) , (2009)
• UBS Financial and JP Morgan Securities jointly underwrite bonds for Northwestern University

West Practice Categories

Banking & Finance Law, Disability, Elder Law, Food & Drug Administration, Health & Health Care Law, Hospital Law, Medicare & Medicaid, Mental Health, Nursing Home, Social Security -- Disability

Bar Admissions

• Illinois

Education

• Northwestern University
• Pomona College

Published Works

• Form 990 Disclosure Requirements Challenge Hospitals, Provide Opportunities, The Health Lawyer / ABA Health Law Section, 2009
• Proposed Regulations Modify Arbitrage Regulations, 2007
• IRS Mandates Heightened Transparency in Redesigned Form 990, Health Lawyers News, Volume 11, Number 8, 2007

Address

77 West Wacker
Chicago, IL 60601-1692

Phones

1.312.269.4066 (Business Phone)

Faxes

1.312.782.8585 (Business Fax)

Emails

Contact Us (Business Email)

Websites

http://www.jonesday.com