By 2053, the hospital will have paid back a total of $189 million. The expansion, which is expected to be completed by 2026, will add 30,000 square feet and 10 beds to the hospital. The bond sale will also pay off a prior federal loan and go to a debt service fund.
This was the first time the hospital sold revenue bonds. The bonds are exempt from federal income tax.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
