Missouri issues $92 million in bonds to hospital

Missouri has issued $92 million in bonds for a new 413,000 square-foot mental health facility project at the Fulton, Mo.-based Fulton State Hospital, the Office of Administration announced this week, according to an Associated Press report.

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Fulton State Hospital’s roots go back to 1851, the year it opened, according to the report.

The bonds come after the legislature passed and Missouri Gov. Jay Nixon signed a measure earlier this year. The bonds will cover the cost of demolishing and replacing old buildings, according to the report.

According to the report, which cites a news release, Gov. Nixon said the project will result in “better care for patients and greater safety for employees.”

More articles on bonds:

Moody’s upgrades Magnolia Regional Health Center’s outlook to stableMoody’s upgrades Magnolia Regional Health Center’s outlook to stable

Fitch downgrades All Children’s Hospital bonds to ‘AA-‘ rating

Moody’s affirms Cullman Regional Medical Center’s ‘Ba1’ bond rating

 

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