Here are four things to know:
1. The bond proceeds will fund several projects, including new surgical unit sterile processing operations, adding 13 emergency department exam rooms and expanding the parking deck.
2. The hospital plans to add an emergency power and heating system and a new water piping system.
3. The bond was issued by MassDevelopment, a financing agency.
4. “As the largest healthcare system in central Massachusetts, UMass Memorial Health Care plays an important role in the commonwealth’s economy,” MassDevelopment President and CEO Lauren Liss told the Sentinel & Enterprise. “This bond financing will allow UMass Memorial Health Care to make crucial hospital campus upgrades to better serve its patients with the high quality care for which it is known.”
More articles on healthcare finance:
10 hospitals seeking RCM talent
For-profit hospital stock report: Week of May 21-25
Healthcare spending reduced when people get help with social needs, study finds
