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PIH Health to use bond money to upgrade Downey Medical Center Hospital
Whittier Daily News

PIH Health will use up to $102 million in bond funds authorized by the city of Whittier for improvements to the Downey Medical Center Hospital, Downey, which PIH acquired in late 2013.

“The city of Downey does not have a bond-issuing structure to issue the type of nonprofit bond that PIH Health required,” Mitchell Thomas, chief financial officer for PIH Health, said in an email. “Therefore, we requested the bond from the city of Whittier, where our corporate headquarters is located.”