The BANs were issued on behalf of Staples, Minn.-based Lakewood Health System.
The rating assignment is based on a number of factors, including a commitment from the U.S. Department of Agriculture, Rural Development to provide a direct loan to pay the BANs upon substantial completion of the project at Lakewood Health System.
More articles on healthcare finance:
Massachusetts AG: More healthcare dollars spent on high-income communities
Baptist Health looks to state agency for $459M to improve hospitals and refinance debt
How East Orange Hospital is rebuilding after bankruptcy
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
