JEDA Issues $115.8 Million in Bond Financing for Prisma Health
Greenville, Oconee, and Richland Counties
Prisma Health will use a $115,833,000 revenue refunding bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refund prior JEDA bond issues.
As the state’s largest private, non-profit healthcare system, Prisma Health’s South Carolina operations include approximately 29,000 employees and 2,827 licensed beds at 18 acute and specialty hospitals. The tax-exempt bond issue will refund the series 2018D and 2022C JEDA bonds issued for expansion and improvements at facilities located in Greenville, Oconee, and Richland counties.
“Flexible, favorable financing through JEDA has long been pivotal to our organization’s ability to respond to a changing market and constantly growing demand for healthcare across our service areas. We appreciate the opportunity to once more leverage that opportunity.”
Larry Gosnell, Senior Vice President and Treasurer for Prisma Health in Greenville
“We appreciate the opportunity to again guide Prisma Health and JEDA through the complexities and details of a large bond issue. It was a privilege,” said Brad Love, Bond Counsel with Haynsworth Sinkler Boyd, P.A. in Greenville.
“JEDA is pleased to continue its long-standing financing relationship with Prisma Health as it expands and adapts to the growing, changing healthcare needs of patients and their families from around the Palmetto State and beyond,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
