JEDA Issues $382 Million in Bonds for Bon Secours Mercy Health
Berkeley, Charleston and Greenville Counties
The South Carolina Jobs-Economic Development Authority (JEDA) issued $381,985,000 in bonds to help Bon Secours Mercy Health finance significant capital expenditures in the Lowcountry and Upstate. These Hospital Facilities Revenue Bonds were issued in connection with new bond issues in Ohio and Virginia.
The Hospital Facilities Revenue Bonds will be used to finance and refinance hospital and healthcare facilities for Bon Secours Mercy Health and its affiliates located in Charleston, Berkeley and Greenville counties.
Bon Secours Mercy Health supports healthcare operations across South Carolina that currently account for approximately 11,000 jobs, with an estimated 750 to 1,000 new positions anticipated as investments continue at facilities anchored by Bon Secours St. Francis Downtown and Bon Secours St. Francis Eastside hospitals in Greenville; Roper Hospital, Bon Secours St. Francis Hospital and Roper Rehabilitation Hospital in Charleston; Roper St. Francis Mount Pleasant Hospital in Mount Pleasant; and Roper St. Francis Berkeley Hospital in Summerville.
“Access to tax-exempt financing allows Bon Secours Mercy Health to continue investing in our commitment to improving community health across our fast-growing service areas. With JEDA’s support, we can expand our services, upgrade facilities, and create hundreds of new jobs while strengthening the compassionate care we provide every day.”
Jerome Judd, Senior Vice President of Treasury for Bon Secours Mercy Health
“We were pleased to be part of the national team of professionals that again helped Bon Secours Mercy Health with simultaneous bond issues across three states,” said Jeremy Cook, South Carolina Bond Counsel with Haynsworth Sinkler Boyd, P.A., in Charleston.
“JEDA is proud to once again assist Bon Secours Mercy Health with this financing which enables job creation and expands access to critical healthcare services. This project reflects our ongoing mission to support economic growth and quality of life in communities across South Carolina,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
