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Partners Borrowing $420M To Improve Electronic Medical Records, Refinance Debt

Bloomberg reports that PartnersHealth Care, which operates hospitals including Brigham & Women's and Massachusetts General, is seeking $420 million to refinance debt and improve its electronic medical records system.

Partners, a Boston-based nonprofit that has two hospitals affiliated with Harvard University, will complete the sale of about $270 million of fixed-rate securities today and is also offering $150 million of variable-rate debt this month, according to Debra Sloan, deputy treasurer. The tax-exempt securities are being sold through the Massachusetts Development Finance Agency.

This program aired on January 6, 2011. The audio for this program is not available.

Rachel Zimmerman Twitter Health Reporter
Rachel Zimmerman previously reported on health and the intersection of health and business for Bostonomix.

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