Pricing Date: March 10, 2021 Closing Date: March 24, 2021 $114,505,000 Series 2021A Bonds Objectives Appalachian Regional Healthcare System (“ARHS”) sought to finance the expansion of its main hospital facility, Watauga Medical Center, which included four new floors, extensive renovations, the construction of a new central energy plant, and other associated projects/site improvements. Challenges Financing … Continued
Bond Sale Date: February 23, 2021 Closing Date: March 11, 2021 $285,000,000 Series 2021 Bonds Objectives Grand View Hospital (”GVH”) sought to finance a $184 million inpatient pavilion, refinance $98 million of variable rate demand debt and terminate two interest rate swaps. The inpatient pavilion will provide an advanced platform for delivery of more specialized … Continued
Transaction Announcement Ponder & Co. is pleased to announce that Novant Health has acquired the assets of New Hanover Regional Medical Center (“NHRMC”) following a public evaluation process that began in September 2019. The agreement with Novant Health was unanimously recommended by a Partnership Advisory Group (“PAG”) selected to represent the community, medical staff and … Continued