Henry Mayo Newhall Memorial Hospital has received the necessary approvals to obtain $75 million in public financing through the issuance of bonds to pay for several important expansion and infrastructure projects.
The bonds will help finance projects that are essential for the hospital’s ability to continue its delivery of essential healthcare services. Such projects include:
• The hospital’s Emergency Room remodeling.
• The first two phases of the hospital’s new clinical information system.
• The expansion and equipment upgrade currently taking place in the Radiology Department.
“Our investment in the clinical information systems and imaging services are two of the projects that will have the most impact on enhancing our quality of care,” said Roger Seaver, President/CEO. “These are tools physicians depend on to improve the health of our community.”
The bonds will also help pay for elevator upgrades, the corridor connecting the main hospital building with the Pavilion structure, construction of a new central plant and other infrastructure and expansion projects. Future projects under design include an additional operating room and a new Intensive Care Unit, which are also covered by this financing.
The majority of construction needs associated with these bonds are due to the increasing local demand for hospital services, coupled with the community’s desire for quality healthcare in the Santa Clarita Valley, said hospital officials.
The bonds were issued through a public offering in late June, and will be repaid over a 30-year period. This is the third time the hospital has obtained financing through a public bond offering.
For information, call 661-253-8607.