“There are very few true health care experts in munis and Shelley Michelson is one of them. Her hospital bond credit analyses are insightful, thorough and concise. From her days at a major bond insurer to her current independent work, she’s always had a reputation as a consummate professional. We’re delighted to be associated with Shelley and would highly recommend her health care analytical work.”

Triet Nguyen, Managing Partner, Axios Advisors, LLC, author of Investing in the High Yield Municipal Market



“Shelley Michelson has been instrumental in reconstructing deficient hospital financial statements to assist in ascertaining compliance with FHA’s financial and operational covenants. Her analyses of proposed hospital transactions have also been thorough and detailed. Her work is exemplary and she has consistently exceeded the scope of her assignments. Shelley and Healthcare Analytics have my highest recommendation for portfolio monitoring engagements.”


Sharon Walker, Vice President, Asset Manager, Walker & Dunlop