Witham planning bond sale to acquire Anson site

Witham Health Services wants Boone County officials to support a $35 million bond issue that the Lebanon-based hospital
said could save it millions in interest payments, according to the Lebanon Reporter.

Witham wants to use about $21 million to refinance a 95,000-square-foot medical
office building in Lebanon that it opened in September. Interest rates on bonds
are lower now than when Witham began that project in mid-2007.

Witham
would use the rest of the money, about $15 million, to purchase land in the Anson
development near Zionsville, on which Witham opened a free-standing emergency room
in October.

The 43,000-square-foot structure features cutting-edge
imaging equipment for open-sided magnetic-resonance imaging exams and high-resolution CT scans. It
also includes office space for family and specialist physicians.

The final amount of the
bond issue will depend on the interest rate when the 20-year bonds are sold, according to the newspaper.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets in {{ count_down }} days.