Hamilton Health Care System Series 2017

Case studies

Hamilton Health Care System Series 2017

$90,000,000 Series 2017 Fixed Rate Revenue Bonds

About Hamilton Health Care System (HHCS)

HHCS, a Ponder client since 1996, is a $300 million in revenue integrated health care delivery system located in northwest Georgia, 30 miles south of Chattanooga, Tennessee. Its main facilities include Hamilton Medical Center, an acute-care, 282 bed hospital located on the main campus of HHCS in Dalton, Georgia. HHCS provides a broad array of services to its four-county service area and Hamilton Medical Center is the largest of the three acute care facilities located in the four counties.

Focus on Value:

Ponder assisted HHCS with: $90mm public offering of Fixed Rate Bonds.

The 2017 proceeds will be used to construct and equip the Peeple’s Cancer Institute and parking structure on the Hamilton Medical Center campus and a new gastrointestinal laboratory. Other projects financed with proceeds will include renovation of surgical and medical rooms at Hamilton Medical Center and the replacement of medical equipment and other machinery.

HHCS’ goal of generating the lowest yield to maturity was achieved by issuing a vast majority of the debt with 3%, 3.5% and 4% coupons. The issue saw strong demand with a 6x oversubscription.

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