Recent Loans
| Obligor: | Yakima Valley Memorial Hospital (“YVMH”) provides inpatient services to include: obstetrics, psychiatry and pediatrics. Outpatient services include: cancer care (radiation and medical oncology), sleep medicine, hyperbaric therapy, wound care, breast imaging and cardiac rehabilitation. |
| Loan Size: | $24,845,524.65 |
| Description of Loan: | Proceeds will be used for providing all or part of the funds necessary to (1) renovate a central sterile processing area and an NSL Linac; (2) purchase new or be reimbursed for general capital equipment as well as radiation oncology equipment; (3) refinance the Washington Health Care Facilities Authority Revenue Bond, Series 2009 (Yakima Valley Memorial Hospital); and (4) pay certain costs incurred in the issuance and sale of the bond. |
| Interest Cost Savings: | Approximately $1,734,000 over the term of the bonds based on tax exempt versus taxable interest rates. |
| Underwriter: | Bond Purchaser - Key Bank |
| Closing Date: | February 16, 2012 |
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| Obligor: | Grays Harbor Community Hospital (“GHCH”) provides general acute care hospital services including medical, surgical and obstetric and nursery services. In addition, GHCH has an inpatient chemical dependency unit. GHCH has a busy emergency room and attendant ancillary services including laboratory, radiology, ultrasound and CT scanning. Additionally, GHCH has physical, occupational and speech therapies, cardiopulmonary, cardiac rehabilitation, wound care (including hyperbaric chambers) and interventional vascular services. |
| Loan Size: | $12,150,000 |
| Description of Loan: | Quick Loan - Private Placement. Proceeds will be used to remodel the kitchen at GHCH main facility, expand parking lot at main facility, purchase new equipment, reimburse GHCH for prior capital expenditures, and to pay costs of issuance. |
| Interest Cost Savings: | $3,585,832 over the life of the loan based on current taxable interest rates vs. tax-exempt interest rates |
| Underwriter: | Bond Purchaser - Key Bank |
| Closing Date: | December 20, 2011 |
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| Obligor: | Inland Northwest Blood Center (“INBC”) collects, processes, tests and distributes voluntarily donated human blood and blood components to over 35 medical facilities in eastern Washington and northern Idaho. INBC provides transfusion services (blood typing and reference testing) to eight hospitals in the local, Spokane area. INBC also provides tissue typing for regional organ procurement organizations (expanding services to include the state of Montana) and the local organ transplant programs. |
| Loan Size: | $6,400,000 |
| Description of Loan: | Quick Loan - Private Placement. Proceeds will be used to refinance the WHCFA Series 2001 Bonds and to pay costs of issuance. |
| Interest Cost Savings: | $850,000 over the life of the loan based on current taxable interest rates vs. tax-exempt interest rates |
| Underwriter: | Bond Purchaser - JP Morgan Chase |
| Closing Date: | November 29, 2011 |
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| Obligor: | Swedish Health Services (“Swedish”) is a Washington nonprofit corporation that owns and operates a regional health care 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. Swedish’s facilities include Swedish First Hill, a 697-bed acute care tertiary hospital, Swedish Ballard, a 163-bed acute care community hospital, Swedish Cherry Hill, a 385-bed tertiary hospital and Swedish Edmonds, with 217 beds. In addition, Swedish Issaquah is a freestanding community-based emergency room and specialty center. |
| Loan Size: | $104,095,000 |
| Description of Loan: | Direct Placement. Proceeds will be used to refund all or a portion of the WHCFA Series 1998 Bonds and to pay costs of issuance. |
| Interest Cost Savings: | $21.9 million over the life of the loan based on current taxable interest rates vs. tax-exempt interest rates |
| Underwriter: | Bond Purchaser - JP Morgan Chase |
| Closing Date: | December 22, 2011 |
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Recent Loans
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