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

2018 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
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