SCJEDA

Success Stories

Palmetto Health

success palmetto health 2

Project Size:

$94.6 million

Jobs Created/Retained

Retains 7,562 existing jobs.

Bond Type

SC JEDA Economic Development Industrial Revenue Bond

Bond financing facilitated by JEDA helped Palmetto Health lower the cost of major projects, which has assisted the non-profit organization in becoming a leading healthcare provider in South Carolina and one of the Midlands’ largest employers.

The $94.6 million tax-exempt bond issuance was used to refinance earlier bond issues that financed major projects, such as construction or renovations of Palmetto Health Children’s Hospital, the 125-bed Palmetto Health Heart Hospital and a 756-space parking garage at the Columbia campus.

This bond issue is one of several re-financings, each of which has been instrumental in helping Palmetto Health further meet their goal of being a major provider of trauma, inpatient, outpatient and community health services in the region.