By Rod Rose/The Lebanon Reporter
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.
