Trinity Health ponders acquisitions through debt offering
By: Alex Kacik with contributions from Eb LeMaster
(Modern Healthcare online)
Trinity Health is considering a debt offering to fund acquisitions, the company said in a regulatory filing.
The Catholic-sponsored health system, which is one of the nation’s largest not-for-profit hospital systems, said it is looking at converting all or a portion of $1.36 billion of bonds.
Separately, Trinity is also contemplating issuing $300 million in debt to acquire, construct, renovate or outfit new and existing facilities, plus an additional $300 million to acquire a “new regional health ministry,” according to the filing.