Trinity Health to sell up to $430M in bonds to finance new hospital

Minot, N.D.-based Trinity Health will sell up to $430 million in bonds to cover the cost of a new hospital in Minot and to pay off previously issued bonds, according to a KMOT news report.

In October, Trinity's request to rezone more than 40 acres for construction of the new $275 million medical campus was granted. The campus will include a six-story hospital, helicopter pad and clinic building, according to the report.

Construction on the new hospital will likely begin in February, according to the report.

More articles on healthcare finance:

Fitch: ACA repeal would be credit negative for hospitals
BlackRock ups stake in CHS to become company's second-largest shareholder
Allina Health's bottom line takes $104.8M hit from nurse strikes

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars