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.

Advertisement

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

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.