Bond proceeds provided for the partial refunding of the Hospital's 2007 Series C and 2010 Series E bond issues. The issue was structured with a 15-year put, and the refundings achieved over $4.9 million in net present value savings.
Bond proceeds financed the expansion of the Hospital's Emergency Department to provide an increased number of treatment rooms; the relocation of the Cardio Diagnostics department; and acquisition of two properties which will be used for medical, administrative and/or other hospital purposes.
Submitted by kfontaine on August 28, 2015 - 4:28pm
CHEFA recently awarded $143,800 through its Targeted Investment Program to Hartford Hospital for first responder training to improve survivability from emergency events, including mass casualty for police, fire and rescue personnel.
Bond proceeds were used to construct a new cancer center on the campus of the Hospital of Central Connecticut at New Britain; and to refund William W. Backus Hospital's 1998 Series E and 2005 Series F & G bond issues.