The health system regularly issues both taxable bonds and tax-exempt bonds to fund projects. The health system is scheduled to release more bonds this spring, according to the article.
By refunding and retiring bonds this year, Mayo Clinic aims to bring its total net new debt to below $300 million, company spokesperson Susan Barber told Post Bulletin.
More articles on finance issues:
4 quotes from Carolinas CEO Michael Tarwater on hospital consolidation and prices
Rural hospital turns to mill levy for much-needed revenue
Less than 7% of healthcare spending comes from “shoppable” services
