Geisinger proposes $1B bond to finance building projects

Danville, Pa.-based Geisinger Health System wants to move forward with up to $1 billion in bond financing this summer to fund new healthcare facilities and equipment, according to NorthcentralPA.com.

Advertisement

Geisinger plans to use proceeds from the bond issue to acquire, renovate and construct buildings and equipment in eight Pennsylvania counties. 

Geisinger also plans to replace existing debt if interest rates are favorable.

The use of any bond funds are subject to approval from the Geisinger Health Board of Directors and the Geisinger Authority, according to NorthcentralPA.com.

More articles on healthcare finance:
Texas hospital to cease inpatient care, lay off staff
10 health systems with strong finances
Judge halts Philadelphia hospital closure

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.