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
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