Prisma Health Refinances Health Facilities Bonds through JEDA

Greenville and Oconee Counties

Prisma Health is issuing $215.5 million in bond issues through the South Carolina Jobs-Economic Development Authority (JEDA) to refinance prior bonds issued by Greenville Health System.

Prisma Health was formed through the 2017 affiliation of Greenville Health System and Palmetto Health. The new bonds will refinance prior obligations originally used to pay for construction, renovations and acquisition of capital equipment for facilities in Greenville County, as well as the acquisition of the Oconee Medical Campus in Seneca.

Prisma Health is a private nonprofit health company and the largest healthcare organization in South Carolina. The company has 29,500 team members, 18 acute and specialty hospitals, 2,947 beds, 300 outpatient sites, and more than 5,100 employed and independent clinicians across its clinically integrated inVio Health Network. Along with this innovative network, Prisma Health serves almost 1.5 million unique patients annually in its 21-county market area that covers 50% of South Carolina. Prisma Health’s goal is to improve the health of all South Carolinians by enhancing clinical quality, the patient experience and access to affordable care, as well as conducting clinical research and training the next generation of medical professionals.

“Leveraging these new tax-advantaged bond issues will enhance Prisma Health’s ability to ensure more healthcare dollars are available for the communities that we serve.”
— Michael T. Burke, Executive Vice President, Chief Financial Officer of Prisma Health

“We were pleased and honored to be called upon to help Prisma Health through this process,” said Kathy McKinney, Bond Counsel with Haynsworth Sinkler Boyd, P.A., in Greenville.

“JEDA has a long history of financing healthcare providers of all sizes throughout South Carolina. Our continuing work with Prisma Health is part of that growing record of service to a vital sector of our state’s economy,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.