Indianapolis-based IU Health is set to sell $726 million in bonds to help finance a new downtown hospital, per Becker’s.
The 16-hospital system confirmed it priced the bonds last week and expects to close the offering July 6.
IU Health originally said the amount could total $755 million. The project is projected to cost approximately $4.3 billion and open in late 2027.
The 16-hospital system reported an 8 percent year-over-year operating-revenue increase for the first quarter, helping it record operating income of $45.1 million compared with a $29.8 million loss for the same period in 2022.
