John T. Mather Memorial Hospital in Port Jefferson, N.Y., has obtained $23 million in tax-exempt financing to fund new capital expansion projects.
Investment banking firm Cain Brothers coordinated the revenue bond deal. The 248-bed Mather Memorial Hospital plans to add a 35-bed medical/surgical unit and upgrade its existing heating, cooling and energy units.
More Articles on Hospital Finance:
12 Hospitals With Tax-Exempt, Fixed-Rate Bond Issues in Past Month
AHA Asks Congress to Retain Municipal Bond Interest Tax Exemption
University of Illinois Hospital Plans $85M Expansion, Renovation