Roughly $425 million of the bond issuance will go toward refinancing Alexian’s debt, and the other $175 million will be used to fund projects and upgrade Alexian’s facilities.
Ascension, which has 68 acute-care hospitals and more than $4 billion in outstanding debt, is the nation’s largest non-profit health system. Last year, Ascension formed Ascension Health Care Network, which is a joint venture with private equity firm Oak Hill Capital Partners, to help fund new acquisition deals.
More Articles on Hospital Financing:
Community Health Center Hospital in Michigan Receives $2.3M Line of Credit
Should Hospitals Start Disclosing Bank Loans on EMMA?
SunLink Health Systems Borrows $5M for Improvements at Callaway Community Hospital, Debt Refinancing
