Karen Sherman has represented the Greyston Foundation on a number of highly complex transactions over the past decade. She has been a highly competent and professional advocate for us in all of these deals, and her understanding and insight into our needs has been exceedingly helpful. To balance out her professional skills, Karen is a joy to work with, with as strong commitment to our ideals and mission.
Steve Brown
Executive Director of Greyston Foundation

Case Study

Primary Health Care Facilities Site Development through Acquisition or Leasing and Construction Financing


The Family Health Center of Hyde Park

(operated by the Institute for Family Health)

ShermanLaw represents several primary health care providers seeking to own or lease sites for their facilities. Among its clients are providers of primary day health care for special populations such as HIV/AIDS person or the homeless. ShermanLaw worked with a consortium of providers to incorporate a not for profit entity to determine their shared interests and convey their needs to government agencies. To create this consortium, ShermanLaw worked with providers to tailor bylaws to ensure representation of each member group and to ensure that shared common views of the members were presented to private funders and government agencies. The consortium of health centers developed through this project currently serves hundreds of low income HIV/Aids persons on a daily basis.

In addition, ShermanLaw has worked with primary care providers to obtain financing for facilities. For example, ShermanLaw negotiated with the Dormitory Authority of the State of New York to provide a special issue tax exempt bond to finance the construction of several AIDS Day Health Care Centers, and closed on this bond financing for several providers including: Housing Works, Inc., Harlem United, BRC, and Greyston Foundation. In addition, ShermanLaw represents the Institute for Urban Family Health (IUFH) in matters related to facility siting, including commercial lease negotiation. For one of IUFH’s site, ShermanLaw obtained an acquisition loan from the Primary Care Development Corporation (PCDC) in conjunction with the NYS Health Foundation, to acquire six primary care facilities from the Mid-Hudson Family Health Institute. The primary care facilities preserved access to high quality primary care for 43,000 patients in New York’s Mid-Hudson region. These six health care centers employ 41 primary care providers in New Paltz, Kingston, Ellenville, Hyde Park and Port Ewen, which after services to special populations such as individuals with HIV/AIDS or who are homeless.

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