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Finance committee recommends board back $25 million Ascension hospital financing
Summary
The Finance Committee recommended the Board of Mayor and Aldermen endorse part of Ascension Health’s multi-state bond financing that would direct about $25 million to the local hospital’s ICU and emergency department; the recommendation goes to the full board next Tuesday.
Senator Baldwin told the Finance Committee that a request on the agenda would channel about $25,000,000 in investments to the local hospital’s intensive care unit and emergency department as part of Ascension Health’s broader bond financing.
"It's it's a cost savings to Ascension, basically," Senator Baldwin said, describing a common 501(c)(3) financing structure in which a single issuer…
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