IU Health evaluating $755M in bonds

Indianapolis-based Indiana University Health is planning to potentially raise $755 million through bonds in 2023 for capital projects or to address debt issues.

If the money is raised, it could be used for expansion and improvement of certain hospital facilities, including the building of an academic health center in downtown Indianapolis.

The second potential use for such money would be to refinance some of the system's debt allocated to approved construction projects, or to finance other debt.

The 16-hospital system just reported an 8 percent year-over-year operating-revenue increase for the first quarter, helping it record operating income of $45.1 million, compared with a $29.8 million loss for the same period in 2022.

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