Texas Hospital District Funds Campus With $24.9M in Bonds

McCamey (Texas) County Hospital District has funded a new medical campus with a $24.9 million government obligation bond issue.

The district includes McCamey Hospital, a 14-bed critical access facility built in 1967. Due to increasing maintenance costs, the district decided to construct a replacement for the hospital, as well as its rural health clinic and nursing home, the McCamey Convalescent Center.

With the assistance of the investment and mortgage banking firm Lancaster Pollard, the hospital district asked for voter approval of a GO bond issue. The new medical campus is expected to be completed in June 2015.

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