Founder, President and CEO
Alan Richman is the Founder, President and CEO of InnoVative Capital, a USDA banker, SEC Municipal Advisor and HUD-licensed FHA mortgage lender. He has experience in the fields of hospital finance, public finance and commercial banking, and has worked with hospitals in 40 states. He has been a senior investment banker, bank executive, mutual fund director and Head of Municipal Bond Research. During InnoVative Capital’s sixteen-year operating history, Mr. Richman’s clients have funded their project and cash flow needs through bonds; USDA, FHA 242 mortgage insured loans; bank debt and equity contributions. Their financings have constructed new community hospitals, propelled commercial development and enhanced local tax collections. Mr. Richman’s hospital consulting work has included hospital affiliations, clinical collaborations, tax initiatives, sales, leases and hospital closures. Mr. Richman is a licensed Municipal Advisor and maintains memberships in the Mortgage Bankers Association of America, the National Federation of Municipal Analysts, Municipal Analysts Group of New York, the NRHA, HFMA, ACHE, and the American Hospital Association. He holds an M.B.A. with a public finance specialty and a B.S. in economics from the State University of New York at Albany.