Sacramento, Calif.-based Sutter Health is considering raising $750 million from a bond issue in the second quarter, the Sacramento Business Journal reported April 6.
A March 30 notice to bondholders detailed that the 23-hospital system is "evaluating a plan to access the corporate taxable fixed-rate market" this quarter, according to the report. If given the green light, proceeds from the sale would be used for general purposes that could include capital projects.
Whether Sutter proceeds with the bond sale or not depends on management consideration, market conditions and other considerations.
Over the next four years, Sutter plans to build more than 24 ambulatory care centers in Northern California to capitalize on the region's population growth and the migration of care to outpatient settings.
In 2022, Sutter reported an operating gain of $278 million, up from $199 million the prior year.