SLHS will use proceeds from the 2016 bonds to refund its 2003 and 2005 bonds in their entirety.
“We think the refunding moves the system’s debt profile into a more conservative allocation of fixed and variable rate debt, and recognize that the entire refunding transaction provides significant net present value savings,” said S&P credit analyst Jennifer Soule.
The outlook is stable.
More articles on healthcare finance:
Louisiana’s Medicaid expansion plan will save $677M over the next 5 years
NJ to seize Medicaid dollars from hospital for failing to produce financial records
S&P: Healthcare credit upgrades outpaced downgrades in 2015
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
