Worchester, Mass-based UMass Memorial Health Care has received a $109.9 million tax-exempt bond to help finance renovations at UMass HealthAlliance-Clinton Hospital's Leominster campus, according to the Sentinel & Enterprise.
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."