Mather Memorial Hospital Obtains $23M in Bonds for Expansion

John T. Mather Memorial Hospital in Port Jefferson, N.Y., has obtained $23 million in tax-exempt financing to fund new capital expansion projects.

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Investment banking firm Cain Brothers coordinated the revenue bond deal. The 248-bed Mather Memorial Hospital plans to add a 35-bed medical/surgical unit and upgrade its existing heating, cooling and energy units.

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12 Hospitals With Tax-Exempt, Fixed-Rate Bond Issues in Past Month
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University of Illinois Hospital Plans $85M Expansion, Renovation

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