News Headlines Article

Kaiser scores $1.9 billion low interest loan from state to build replacement hospitals
Inland Valley Daily Bulletin

State Treasurer Bill Lockyer announced Tuesday the approval of $1.9 billion in bonds to aid in the construction of six Kaiser hospitals, including several in Southern California.

The transaction is the largest ever approved by the California Health Facilities Financing Authority, a state entity that helps nonprofit hospitals with construction financing, officials said Tuesday.

The newest bond issuance brings the total amount borrowed by the nonprofit health care provider to about $9.5 billion since 2006, according to the authority’s meeting documents.