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State agency OKs sale of $1.9 billion in tax-exempt bonds to help Kaiser build new hospitals
The Mercury News

A state agency on Tuesday approved the sale of $1.9 billion in tax-exempt bonds to help Kaiser Foundation Hospitals build six new medical centers, expand an existing one and construct a specialty medical office. It was the largest transaction ever approved by the California Health Facilities Financing Authority. The authority was created in 1979 to enable the state to assist public and nonprofit health care providers such as Kaiser through loans funded by tax-exempt bonds.

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