Cincinnati Children's has raised a significant amount of money for new projects. The hospital plans to spend a large amount on capital expenditures over the next several years. This spending is part of the hospital's long-range strategy.
What we know
- Cincinnati Children's issued bonds through the Hamilton County Hospital Commission.
- The hospital will use around $50 million to pay down prior debt.
- Operating cash flow and philanthropy will fund the remaining balances of the capital projects.
- The total cost of the capital projects is upwards of $574.5 million.
- The bonds were issued on October 28.
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