Track Record - Health Care
Designed for large scale projects, tax exempt bond financing is RIHEBC’s largest component of assistance. Our financings range from $1.2 million for a nursing home to $214 million for a hospital network. To respond to Rhode Island’s growing and changing needs, both the dollar amounts and the scope of the projects underwritten by bonds have increased. Consistently, clients’ proposals have been transformed from hope into reality. Designed to meet larger capital requirements, this program was structured to respond to the needs of major hospitals and educational institutions in Rhode Island.
Healthcare
| 2019 | Amount | Borrower | Project Details |
|---|---|---|---|
| 11/1/2019 | $10,100,000 | HopeHealth Hospice & Palliative Care | Refund oustanding $8 mil debt, fund the expansion of the inpatient hospice unit, capital improvements |
| 2018 | Amount | Borrower | Project Details |
| 12/27/2018 | $10,100,000 | South County Hospital Healthcare System | Finance a new operating room and relocation of areas to accommodate the new operating room; and refinance $1.6 million for a capital lease |
| 10/2/2018 | $8,901,000 | Ocean State Assisted Living | Refund the institution's 2011 bond issue |
| 2017 | Amount | Borrower | Project Details |
| 2016 | Amount | Borrower | Project Details |
| 9/29/2016 | $10,138,000 | St. Antoine Residence/The Frassati Residence | Refunding of Series 2007 and Series 2009 bond issues |
| 9/21/2016 | $138,265,000 | Care New England | Refunding of Series 2010, Series 2013, Series 2014, Series 2016, and Providence Center Series 2013 bond issues |
| 7/27/2016 | $265,470,000 | Lifespan | Refunding of Series 1996, Series 2006, and Series 2009 bond issues |
| 6/28/2016 | $14,156,000 | Care New England | Refunding of Series 2010 and Series 2011 bond issues |
| 2015 | Amount | Borrower | Project Details |
| 12/17/2015 | $13,900,000 | St. Elizabeth Home | Construction and furnishing of new resident directed homes. Refunding of commercial mortgage loan |
| 9/30/2015 | $9,360,000 | Tamarisk, Inc. | Refunding of Series 2011 bond issue |
| 8/12/2015 | $45,545,000 | South County Hospital | Refunding of Series 2006 A, 2012 A and 2012 B bond issues |
| 4/30/2015 | $9,555,000 | Child & Family Services of Newport County | Refunding of Series 2006 bond issue |
| 2014 | Amount | Borrower | Project Details |
| 11/5/2014 | $20,390,000 | Newport Hospital | Refunding of Series 1999 bond issue |
| 4/22/2014 | $42,810,000 | Care New England | Financing of capital upgrades and refunding of the Series 2008 B bond issue |
| 2013 | Amount | Borrower | Project Details |
| 11/5/2013 | $87,385,000 | Care New England | Financing of capital upgrades and refunding of the Series 2003 and 2008 A bond issues |
| 10/1/2013 | $2,725,000 | The Providence Center | Financing of new projects and refunding of the Series 2012 bond issue |
| 7/13/2013 | $8,000,000 | Saint Elizabeth Manor | Financing of renovations and refunding of prior loan |
| 6/1/2013 | $1,655,000 | Seven Hills Rhode Island | Refinance existing indebtedness |
| 4/1/2013 | $5,000,000 | Scandinavian Home | Funding of capital improvements and refinancing of existing indebtedness |
| 2012 | Amount | Borrower | Project Details |
| 10/12/2012 | $4,750,000 | The Kent Center | Financing the purchase of a building |
| 10/1/2012 | $11,710,000 | South County Hospital | Refunding of Series 2003 B and 2003 C bond issues |
| 6/29/2012 | $9,000,000 | Rhode Island Blood Center | Financing of renovations and new construction |
| 5/31/2012 | $3,555,000 | Seven Hills Rhode Island | Refinancing of existing indebtedness |
| 2011 | Amount | Borrower | Project Details |
| 11/30/2011 | $10,375,000 | Tamarisk | Refunding of Series 2002 bond issue |
| 10/3/2011 | $11,010,000 | Ocean State Assisted Living | Refunding of Series 2001 bond issue |
| 8/12/2011 | $16,000,000 | Care New England | Financing of new projects and refinancing of existing debt |
| 8/2/2011 | $6,450,000 | Blackstone Valley Community Health Care, Inc. | Financing of construction and renovations |
| 5/20/2011 | $41,900,000 | Tockwotton Home | Financing of new construction |
| 2010 | Amount | Borrower | Project Details |
| 12/30/2010 | $12,000,000 | Care New England | Financing of various projects at Kent Hospital |
| 12/23/2010 | $12,115,000 | Providence Community Health Centers | Funding of new construction and refinancing of existing indebtedness |
| 12/1/2010 | $2,500,000 | J. Arthur Trudeau Memorial Center | Acquisition of land as well as renovations |
| 8/1/2010 | $4,135,000 | Thundermist Health Center | Refunding of Series 2004 bond issue |
| 2009 | Amount | Borrower | Project Details |
| 11/12/2009 | $9,135,000 | St. Antoine Residence | Refunding of Series 1999 A bond issue |
| 3/30/2009 | $114,985,000 | Lifespan Obligated Group | Financing of various projects for Rhode Island Hospital Miriam Hospital and Bradley Hospital |
| 2008 | Amount | Borrower | Project Details |
| 1/1/2008 | $12,600,000 | Home & Hospice Care of RI | Financing of renovations and upgrades |
| 2007 | Amount | Borrower | Project Details |
| 12/1/2007 | $9,080,000 | St. Antoine Residence | Refunding of Series 1999 B bond issue |