UPMC to Issue $100M in Taxable Bonds

The University of Pittsburgh Medical Center will issue $100 million in taxable bonds, according to a Pittsburgh Tribune-Review report.

Allegheny County officials originally denied selling $335 million in municipal bonds on behalf of UPMC earlier this month due to UPMC's frayed negotiations with health insurer Highmark, according to the report.


UPMC is weighing financing options in order to refinance other existing bonds and fund the construction of UPMC East in Monroeville, Pa., the health system's newest hospital that is slated to open in July 2012.

Related Articles on the University of Pittsburgh Medical Center:

Senators Question UPMC's Tax-Exempt Status

UPMC Wants West Penn-Highmark Agreement Made Public

UPMC's 1Q 2012 Operating Income Reaches $155M

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars