AnMed Health is using bonds issued by the South Carolina Jobs-Economic Development Authority to refinance debt that helped finance recent expansion in the Upstate for the health care system.
The JEDA issued $102.83 million in Series 2016 Hospital Refunding Revenue Bonds, according to information in a news release from the JEDA. Those new revenue bonds refunded a 2009 bond issue which refunded another bond issue.
“We’ve been able to keep up with the medical needs of our fast-growing region because of the ability to take advantage of favorable interest rates and terms available through a JEDA bond issue,” said Christine Pearson, AnMed Health CFO, in the release.
Since 2001, the health system has added a rehabilitation center, women’s and children’s hospital, cancer treatment center and a cardiac diagnostic and rehabilitation facility, according to the release.
“AnMed has been providing critical services in the Upstate community for more than a century,” said Harry Huntley, executive director of JEDA, in the release. “We’re happy to again be able to assist AnMed in financing its progress.”
The health system operates two inpatient facilities in Anderson as well as outpatient services at D.K. Oglesby Center at the AnMed Health North Campus and has several clinics located in Anderson, Clemson, Fair Play, Honea Path, Iva, Pendleton, Williamston and Wren as well as in Hartwell, Ga.