TriHealth’s plan includes refinancing about $150 million in existing debt, buying out capitalized leases of nearly $200 million and investing approximately $80 million in new funds to reimburse previous capital expenditures and fund an expansion of the system’s ambulatory network.
“Establishing our own independent credit — and borrowing on that credit — will allow TriHealth to take advantage of historically low interest rates, while also increasing our flexibility to fund the capital investments that are necessary to provide the best possible services and facilities for our patients,” said Mark C. Clement, president and CEO of TriHealth.
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