News: Front Section
Posted: May 31, 2024
MassDevelopment issues $400m bond
to Beth Israel Lahey Health
Boston, MA MassDevelopment has issued a $400 million tax-exempt bond on behalf of Beth Israel Lahey Health, Inc. (BILH), which is using proceeds to buy, build, expand, remodel, and renovate facilities at multiple locations across its health care system, including the Klarman Building at Beth Israel Deaconess Medical Center. Bond proceeds are also being used to implement EPIC and Workday electronic medical record and information systems. The bonds were sold through a public offering underwritten by Goldman Sachs & Co. LLC.
“Beth Israel Lahey Health is making significant investments throughout its healthcare system and MassDevelopment is proud to be a partner in this effort,” said acting MassDevelopment president and CEO Dan O’Connell. “We look forward to seeing how these upgrades make our communities healthier and strengthen our local economies.”
BILH is an integrated health system that brings together academic medical centers and teaching hospitals, community and specialty hospitals, primary and specialty care, behavioral health and home care services, and more than 4,700 physicians and 39,000 employees to care for more than 1.7 million patients in communities across Eastern Massachusetts and Southern New Hampshire.
“We are grateful for the support of MassDevelopment on this offering,” said Cindy Rios, executive vice president and chief financial officer, BILH. “The projects supported by these bonds will help BILH deliver on our mission of providing integrated care in the community, supported by science and innovation.”
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.