$350,000,000 Series A Taxable Fixed Rate $141,690,000 Series B Tax Exempt Fixed Rate About Providence St. Joseph Health Effective July 1, 2016, Providence St. Joseph Health was formed, creating one of the largest health care systems in the United States. The System operates 50 acute care hospitals, 23 long-term care facilities, 829 clinics, 14 supportive … Continued
While private activity bonds have been spared, the 2017 Tax Cuts and Jobs Act (the “Act”) will still impact tax-exempt markets The decrease in the corporate tax rate will reduce demand for tax-exempt bonds The decrease in supply due to the loss of advance refunding bonds will be offset by the reduced demand Publicly issued … Continued
Borrower Overview PHS is a physician-led regionally integrated health care delivery system providing services to 15 counties in northeast Indiana and northwest Ohio. PHS has a combined 898 licensed beds and generates over $1.5 billion in annual revenues. PHS is a network of nine hospitals with the flag ship facility located on the northwest side … Continued
By: Alex Kacik with contributions from Eb LeMaster (Modern Healthcare online) Hackensack Meridian Health and JFK Health finalized their merger to create a combined entity with 16 hospitals throughout New Jersey, the companies announced Wednesday. Executives of the Edison, N.J.-based systems said the marriage would allow them to expand patient access and better deliver preventive healthcare. … Continued