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Getting their appetite back. In need of capital, not-for-profit hospitals take advantage of dropping interest rates
Authors:Evans Melanie
Abstract:
After steering clear of the municipal bond market this year, not-for-profit hospitals are being lured back by dropping interest rates. "We're taking advantage of the current market," says Jim Budzinski, left, executive vice president and chief financial officer of WellStar Health System. The Georgia provider's recent bond deal helped erase $4.2 million in interest costs.
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