Summary: Reid Health, Indiana Indiana Finance Authority; Hospital

S&P Global Ratings assigned its 'A-' long-term rating to the Indiana Finance Authority's $100 million series 2022 fixed-rate revenue bonds, issued for Reid Hospital (doing business as Reid Health). At the same time, we affirmed our 'A-' rating on the Richmond Hospital Authority, Ind.'s series 2015A bonds, also issued for Reid Health. The outlook is stable. The bonds are secured by a pledge of the gross revenues of Reid Health, and on parity with existing debt obligations. Proceeds from the debt issuance will be used to finance the construction of a new 177,000-square-foot ambulatory care facility to replace the Reid Health Connersville facility (acquired in 2019 and formerly known as Fayette Regional Health System). The facility will include an emergency

...S&P Global Ratings assigned its 'A-' long-term rating to the Indiana Finance Authority's $100 million series 2022 fixed-rate revenue bonds, issued for Reid Hospital (doing business as Reid Health). At the same time, we affirmed our 'A-' rating on the Richmond Hospital Authority, Ind.'s series 2015A bonds, also issued for Reid Health. The outlook is stable. The bonds are secured by a pledge of the gross revenues of Reid Health, and on parity with existing debt obligations. Proceeds from the debt issuance will be used to finance the construction of a new 177,000-square-foot ambulatory care facility to replace the Reid Health Connersville facility (acquired in 2019 and formerly known as Fayette Regional Health System). The facility will include an emergency department and urgent care, a sleep lab, rehabilitation services, an infusion center, wound-care services, a laboratory, a pharmacy, and perioperative services. The modernized facility will also consolidate primary and secondary specialty...

Summary