Marshfield (Wis.) Clinic Health System plans to issue $1.1 billion of tax-exempt municipal bonds to fund its purchase of Ministry Saint Joseph's Hospital in Marshfield and to upgrade other facilities, according to the Marshfield News-Herald.
About $800 million of the bond proceeds would be used to renovate Saint Joseph's and for capital projects at facilities across Wisconsin in Wausau, Stevens Point, Eau Claire and Menomonie.
Remaining funds would be used to refinance Marshfield Clinic's existing debt, according to the report.
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