Several Chicago-area hospitals have made such moves, including Rush University Medical Center and Cadence Health in Winfield, Ill., according to the report.
The University of Chicago Medicine also has plans to refinance $85 million in bonds that were issued roughly 11 years ago thanks to the market rates, which are at all-time lows. U of C Medicine is expected to save roughly $13.5 million over the 24-year lifespan of the bonds by refinancing from a 5.07 interest rate to roughly 4 percent.
More Articles on Hospital Bonds:
27 Hospitals With Tax-Exempt, Fixed-Rate Bond Issues in Past Month
CFO Daniel Morissette: Driving Stanford Hospital’s Fiscal Health
Hospital Finance: Does Variable-Rate Debt Still Make Sense?
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