Recent Loans
| Obligor: | Jefferson Mental Health Services is an outpatient mental health agency providing 24-hour crisis intervention, individual and group counseling, day treatment, psychiatric care, case management and a school/day treatment program for children |
| Loan Size: | $1,030,331.96 |
| Description of Loan: | Private Placement with Frontier Bank. Proceeds will be used to refinancing two existing mortgages for the mental health center buildings and parking lot. |
| Interest Cost Savings: | Estimated interest cost reduction of $160,000. |
| Underwriter: | N/A |
| Closing Date: | February 19, 2009 |
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| Obligor: | Swedish Health Services ("Swedish") is a Washington nonprofit corporation that owns and operates a regional health delivery system. Swedish's operations consist of acute, non-acute and tertiary care facilities and services; research and teaching activities; physician group practices and other entities primarily related to the delivery and management of health care services. |
| Loan Size: | $250,000,000 |
| Description of Loan: | The proceeds will be used to partially refund the 2006 bonds and to reimburse Swedish for the expenses incurred in the construction of the new Orthopedic Institute. |
| Interest Cost Savings: | TBD |
| Underwriter: | CitiGroup Global Markets |
| Closing Date: | March 19, 2009 |
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| Obligor: | MultiCare Health System is a community, not-for-profit network of hospitals and health care organizations that began with Tacoma General Hospital in 1882 and now (the affiliation with Good Samaritan Community Healthcare was completed on August 23, 2006) consists of three Tacoma-based and one Puyallup-based hospitals with 818 licensed beds and over 1,400 medical and other clinical staff. MultiCare has evolved over time from a basic hospital provider to a sophisticated network of health care organizations. MultiCare is a primary provider of healthcare services to Pierce and south King Counties and much of the southwest Washington region. It includes southwest Washington’s only pediatric hospital, a technologically advanced adult hospital, in-home and community based services, and a network of related institutions and clinics throughout Pierce and south King Counties. MultiCare offers complete inpatient, outpatient and home health and hospice services for care throughout a lifetime. MultiCare is recognized as the local resource for quality health care and is an integral part of the community. MultiCare provides a full scope of laboratory services and does not operate research facilities. |
| Loan Size: | $200,000,000 |
| Description of Loan: | The planned financing is to pay for a portion of the new construction of a patient care tower, central utility plant, and parking structure at Good Samaritan Hospital in Puyallup, WA. In addition to the new construction, MultiCare has request to use the proceeds to refinance the 2008A & B, and the 2007C & D bonds. |
| Interest Cost Savings: | TBD |
| Underwriter: | Merrill Lynch |
| Closing Date: | May 1, 2009 |
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| Obligor: | Inland Northwest Health Services ("INHS") is an inpatient/outpatient rehabilitation services, air ambulance services, healthcare education and healthcare technology provider located in Spokane Washington |
| Loan Size: | $7,500,000 |
| Description of Loan: | Private Placement with Washington Trust. Proceeds will be used to purchase office space to facilitate more cost effective health care services. INHS currently occupies the office space and parking lot contemplated in this financing. |
| Interest Cost Savings: | Approximately $915,815 |
| Underwriter: | N/A |
| Closing Date: | June 18, 2009 |
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Recent Loans
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