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Healthcare

Wheeler Clinic to expand critical dental care access

On November 15, 2017, the CHEFA Board voted to award a grant in the amount of $75,000 to Wheeler Clinic to expand critical dental care access for low-income Hartford patients at their new Family Health & Wellness Center on Woodland Street.  At the official Grand Opening and Ribbon Cutting on January 8, 2018, Wheeler’s President and CEO, Susan Walkama thanked CHEFA for their grant award which will outfit one of the four dental operatory rooms.  “Our commitment to the health and well-being of Connecticut residents is evidenced by this important grant to Wheeler Clinic.  Good dental health

Gaylord Hospital, EasyLoan

Loan proceeds provided for medical, computer, HVAC and miscellaneous equipment at Gaylord's locations in Wallingford, North Haven and Cheshire.  The loan was structured as a fixed rate transaction with a 7-year maturity.  The purchaser of the loan was Banc of America Public Capital Corp.

Cornell Scott-Hill Health Corporation Issue, Series A

Bond proceeds provided for refinancing of existing debt issued through the City of New Haven, and to finance renovations and improvements to properties owned or leased by the Corporation.

The Series A issue was structured as a fixed rate transaction, with a 20-year amortization and a 10-year put.  The issue was a direct bank purchase by Capital One Municipal Funding, Inc.  The net interest cost for the transaction was 5.00%.

Cancer Institute Awarded Grant to Support Phase 1 Clinical Trails Unit

Please see attached article from the Hartford Hospital RxTra Newsletter, dated April 9, 2018,below:

Middlesex Hospital Issue, Series Q

Bond proceeds financed a partial advance refunding of the Hospital's 2011 Series N issue.  The refunding achieved over $600,000 in net present value savings.

Western Connecticut Health Network Issue, Series P

Bond proceeds provided for the refunding of Danbury Hospital's 2006 Series H bond issue.  The net present value savings was over $10.9 million, or 27.6%.

Griffin Hospital Issue, Series E&F

Bond proceed provided for the refunding of the Hospital's 2005 Series B, 2007 Series C&D bond issues, and to fund approximately $2.5 million for capital expenditures.  The Series E & F issues were a variable rate private placement with a 5-year tender date.

Stamford Hospital Issue, Series K

Bond proceeds provided for reimbursement to the Hospital for expenses incurred for construction of a new Patient Tower.  The Series K bonds were sold with one term bond in 2046 with a 4% coupon at a price of $106.93.

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