Roughly $1.475 million of the loan will go toward upgrades at Trace Regional Hospital in Houston, Miss. The remaining $8.5 million will repay a portion of SunLink’s senior debt.
The five-hospital, for-profit system borrowed $5 million in March to fund improvements at Callaway Community Hospital in Fulton, Mo., and to refinance more of its senior debt.
More Articles on Hospital Financing:
Moody’s Upgrades CHS’ Rating Outlook to Stable
Hospital Finance: Does Variable-Rate Debt Still Make Sense?
Community Health Center Hospital in Michigan Receives $2.3M Line of Credit
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