Children’s Hospital of Philadelphia Sells $270M in Bonds

Children’s Hospital of Philadelphia plans to sell $270 million in fixed-rate bonds to fund future expansion projects, including its new $100-million ambulatory care center, according to a news release.

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The five-story ambulatory care center will provide outpatient care, particularly for children with multiple chronic conditions, according to the release. The other $170 million from the bond sale will go toward repaying existing debt.

Overall, the hospital will be undergoing a full $2 billion expansion through 2017, according to the release.

Related Articles on Hospital Bonds:

Newly Signed Bill to Help Keep California’s Doctors Medical Center Open
Washington Public Hospital District No. 4 to Sell $15.3M in Bonds
Catholic Health Initiatives’ Bonds Receive ‘AA/F1+’ Rating From Fitch

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