Grand Forks, N.D.-based Altru Health System, which includes the 264-bed Altru Hospital, plans to issue $130 million in bonds, according to a Grand Forks Herald report.
Altru CFO Dwight Thompson said roughly $74 million would be used to refinance outstanding bonds, and the other $56 million would go toward expansion and renovation projects, according to the report.
Altru plans to purchase three buildings at the Aurora Medical Park, including Doctors Hospital, which was supposed to be a physician-owned hospital in the Grand Forks area.
Altru CFO Dwight Thompson said roughly $74 million would be used to refinance outstanding bonds, and the other $56 million would go toward expansion and renovation projects, according to the report.
Altru plans to purchase three buildings at the Aurora Medical Park, including Doctors Hospital, which was supposed to be a physician-owned hospital in the Grand Forks area.
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