New Lockport hospital project to seek state approval July 15

Catholic Health is relying on a $37.9 million tax-exempt bond at 4% interest over 30 years and $20.7 million in cash to help build the new hospital in Lockport. Funding for the $65 million project also includes $500,000 in fundraising and a state grant of $5.9 million previously awarded to Eastern Niagara Hospital. Details on how the Buffalo-based health system is paying for the 63,000-square-foot hospital are included in a filing with the State Department of Health affiliate that must approve the…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news