Transaction Announcement Ponder & Co. (“Ponder”) is pleased to announce that Somerset Hospital, located in Somerset, Pennsylvania, has merged with the University of Pittsburgh Medical Center (“UPMC”). Somerset Hospital is now called UPMC Somerset. About Somerset Hospital Somerset Hospital is a 111-licensed bed hospital, located in Somerset, PA, which offers a wide variety of inpatient, … Continued
In August 2017, Ponder published a paper, “What you need to know before LIBOR disappears”, outlining the uncertainties surrounding the eventual discontinuation of LIBOR. Since that paper was published, there have been some important developments related to a LIBOR phase-out. SOFR (“Secured Overnight Financing Rate”) has been designated by the Alternative Rate Reference Committee (ARRC) … Continued
$206,235,000 Series 2019ABC Tax-Exempt Fixed Rate Bonds Wake Forest Baptist Wake Forest Baptist (WFB) is an integrated clinical, research and academic enterprise headquartered in Winston-Salem, NC. It provides services on five acute care hospital campuses in North Carolina and operates a non-acute and ambulatory network with over 300 sites of patient care, an increase of … Continued
$93,000,000 Series 2019A Tax-Exempt Fixed Rate Bonds University of Kansas Health System The University of Kansas Hospital Authority (“KUHA”) is a Kansas nonprofit corporation organized to own and operate the University of Kansas Hospital (the “KU Hospital”). The mission of KUHA is to improve the health of Kansans and to provide patient care in specialized … Continued
By: Alex Kacik with contributions from Jeffrey Sahrbeck (Modern Healthcare online) A confluence of factors is feeding demand for healthcare real estate, including robust domestic demand, related interest from investors outside the U.S. and relatively easy access to capital. The rapidly ascending ambulatory sector—one of several trends impacting the undulating healthcare real estate landscape—is feeding … Continued