Novant to issue $1B in bonds to help pay for hospital acquisition

More short articles on healthcare finance: New Hampshire health system applies for bankruptcyPublic healthcare facilities will add financial stress to city counties amidst pandemic, Moodys saysCOVID-19 patient deals with $52K surprise medical costs after helicopter transfer.

. The 6 bonds will fund many of the $1.5 billion in advance payment Novant has actually vowed for the medical center, according to The Winston-Salem Journal..

” Novant Health prepares for funding any upfront cash payments with NHRMC with a combination of money on hand and external financing,” the system informed The Winston-Salem Journal. “We maintain exceptional relationships with many international investment and business banks that are all set and prepared to supply bridge funding for a transaction.”.

Charlotte, N.C.-based Novant Health plans to release more than $1 billion in bonds to fund its $5.3 billion acquisition of New Hanover Regional Medical Center in Wilmington, N.C

In addition to the in advance payment, Novant has actually committed to paying $50 million to the New Hanover Regional Medical Center Foundation and $3.1 billion to money capital jobs over the next decade.

Alia Paavola –
Tuesday, October 20th, 2020
Print|Email.

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

The New Hanover County Commissioners voted Oct. 5 to approve Novant Healths deal to purchase the medical center and its assets. The deal still needs approval from the North Carolina Attorney Generals Office..