Hospital breaks new ground with hybrid financing package.
By applying financial management techniques that are more traditionally associated with corporate businesses, an Illinois hospital was able to generate the funds needed for a new replacement facility at a time when the money market was especially tight. The authors explain the structure of the hybrid financing package they used, and how such a strategy enabled the hospital to generate $61 million in capital at an interest rate almost 5 percent below prime.
D005376:Financial Management / Q000379:methods*; D005379:Financing, Construction / Q000379:methods*; D006075:Governing Board; D006745:Hospital Bed Capacity, 300 to 499; D006749:Hospital Design and Construction / Q000191:economics*; D007087:Illinois