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Hamilton County approves support agreement for Riverview Health financing and moves to buy adjacent hospital properties
Summary
The Hamilton County commissioners authorized a hospital support agreement tied to Riverview Health—9s upcoming bond financing and approved a resolution to purchase nearby real estate the hospital currently uses, with leases planned to allow continued hospital use.
Hamilton County commissioners on Tuesday approved a support agreement tied to Riverview Health—9s upcoming financing and authorized a resolution to buy nearby properties the hospital presently uses, measures county attorneys said are designed to protect taxpayers and preserve hospital operations. Jeremy Oliver of Barnes & Thornburg described the support agreement as part of the financing package and said the hospital would reimburse the county if the county had to make a payment under a lease, and that the reimbursement would be secured by hospital revenues and some additional…
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