Indianapolis-based Indiana University Health plans to sell $678 million in bonds June 18 to fund multiple hospital construction/renovation projects systemwide and help the system reposition its capital structure, officials confirmed to Becker's.
The bond offering is slated to close in early July. The Indiana Finance Authority will issue the bonds, according to The Bond Buyer.
Projects to be funded with bond money include the replacement of IU Health Bloomington (Ind.) Hospital, now under construction; the building of a cancer center at IU Health North Hospital in Carmel, Ind.; and construction of a replacement for IU Health Frankfort (Ind.) Hospital.
More articles on healthcare finance:
Staffing companies must keep up amid healthcare cost-cutting pressure, report says
Florida law incentivizes patients to shop for lower prices
4 CFOs discuss their 2019 goals