Lebanon — Witham Memorial Hospital is asking Boone County to support a $35 million bond issue that could save the hospital millions of dollars in interest.
Witham wants to sell about $35 million in bonds, so it can refinance the cost of its North Pavilion Medical Office Building and buy, for $15 million, the land where it built an emergency room at Anson.
The final amount of the bond issue will depend on the interest rate when the 20-year bonds are sold, Witham CEO Ray Ingham said Tuesday. Bonds could be retired by 2015, County Attorney Bob Clutter said.
For more of the story, see Wednesday's Lebanon Reporter.
Local News
Witham asks county to back $35M bond issue
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