Boston-based Partners HealthCare System, the parent company of Massachusetts General Hospital and Brigham and Women’s Hospital, plans to borrow $420 million through municipal bonds for improvements to its hospitals, according to a Boston Business Journal report.
The proceeds of the bonds are planned to fund projects such as the construction of a facility for radiation oncology and emergency department at MGH’s campus, a system-wide revenue management system and acute-care documentation system for Partners.
The bonds are in six different series, all rated Aa2 by Moody’s Investors’ Service and AA by both Fitch and Standard & Poor’s.
Read the Boston Business Journal report on Partners $420M bond sale.
Read more about Partners HealthCare:
– Partners HealthCare Posts $195M Profit for 2010
– Harvard Medical School Sets Strict Conflict of Interest Rules
– COO of Massachusetts’ Partners HealthCare Steps Down
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