Louisville, Ky.-based Baptist Health has asked the Kentucky Economic Development Finance Authority to consider issuing up to $459 million in bonds for the health system, according to The Courier-Journal.
Baptist would use the bonds to refinance debt and to fund hospital improvements and other projects.
Specifically, the requested package would include a maximum $20 million for improvements at the 519-bed Baptist Health Louisville, including expansion, renovation and equipping of the emergency room, according to the report. Additionally, $120 million would fund the purchase and implementation of EPIC, which would serve the company's entire network of hospitals, and an estimated $148 million would help refinance outstanding debt, according to the report.
Baptist also plans enhancements at its Kentucky hospitals in Lexington, Paducah, Corbin, Richmond and LaGrange.
The Kentucky Economic Development Finance Authority has scheduled a public hearing Oct. 27 on its intent to issue the bonds, according to the report.
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