$126.7 Million in JEDA Bonds Help AnMed Expand in Anderson and Pickens Counties
Anderson and Pickens Counties
AnMed is using $126.7 million in South Carolina Jobs-Economic Development Authority (JEDA) bonds to expand its services in Anderson and Pickens counties.
The tax-exempt Hospital Revenue Bonds will finance expansion and upgrades to medical facilities in both counties and to pay for new outpatient campuses at 800 N. Fant St. and 2000 E. Greenville St. in Anderson.
AnMed is Anderson County’s largest employer and serves an eight-county region in northwest South Carolina and northeast Georgia. The comprehensive healthcare system employs more than 3,500 people, including 400 doctors, and the expansion will add 100 new jobs.
“JEDA bonds are once more giving AnMed the ability to expand our capacity to serve the health needs of our fast-growing service area. In today’s high-interest rate environment, such favorable financing terms are even more critical.”
Christine Pearson, Chief Financial Officer at AnMed
“We feel honored and privileged to be part of the process of enhancing AnMed’s ability to finance another significant expansion as it grows its legacy of more than 100 years of service to the Upstate,” said Bill Musser, Bond Counsel with Pope Flynn in Charleston.
“JEDA has a long-standing partnership in assisting AnMed with its financing needs. We’re happy to continue be a part of their progress,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
