The Illinois Finance Authority is considering issuing almost $800 million for healthcare organizations, according to a Bond Buyer report.
Oak Brook, Ill.-based Advocate Health Care received preliminary approval from the IFA to sell up to $533 million of debt, including approximately $200 million of new money to finance projects and room to restructure $325 million of debt.
Winfield, Ill.-based Central DuPage Health and Geneva, Ill.-based Delnor Health System, which merged in March, have preliminary approval for a direct-purchase transaction of up to $190 million of debt to refund floating-rate securities.
Swedish Covenant Hospital in Chicago received final approval for its issue of up to $20 million to finance renovation and remodeling and the acquisition of information technology systems, and Northwest Community Hospital in Arlington Heights, Ill., received final approval for its refunding of up to $54 million.
Read the Bond Buyer report on Advocate Health Care, Central DuPage Health, Delnor Health System, Swedish Covenant Hospital and Northwest Community Hospital.
Related Articles on Hospital Finance:
UIHC Reports $75M Revenue Increase Compared to Last Year
Michigan's Beaumont, Henry Ford Health Systems Give First Raises in 3 Years
Phoebe Putney Releases Financial Information to Public
Oak Brook, Ill.-based Advocate Health Care received preliminary approval from the IFA to sell up to $533 million of debt, including approximately $200 million of new money to finance projects and room to restructure $325 million of debt.
Winfield, Ill.-based Central DuPage Health and Geneva, Ill.-based Delnor Health System, which merged in March, have preliminary approval for a direct-purchase transaction of up to $190 million of debt to refund floating-rate securities.
Swedish Covenant Hospital in Chicago received final approval for its issue of up to $20 million to finance renovation and remodeling and the acquisition of information technology systems, and Northwest Community Hospital in Arlington Heights, Ill., received final approval for its refunding of up to $54 million.
Read the Bond Buyer report on Advocate Health Care, Central DuPage Health, Delnor Health System, Swedish Covenant Hospital and Northwest Community Hospital.
Related Articles on Hospital Finance:
UIHC Reports $75M Revenue Increase Compared to Last Year
Michigan's Beaumont, Henry Ford Health Systems Give First Raises in 3 Years
Phoebe Putney Releases Financial Information to Public