Specifically, SunLink plans to use $1.5 million of the loan at Callaway for general improvements, to build an inpatient geriatric psychiatry unit and for working capital. The additional funds will be used to refinance a portion of the company’s senior debt. The loan is repayable monthly over 25 years at floating prime rate plus 1.5 percent.
More Articles on SunLink Heath Systems:
SunLink to Sell Memorial Hospital of Adel in Georgia
SunLink COO Ron Turner to Also Serve as Chief Development Officer
SunLink, Foundation Healthcare Call Off Merger
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.
