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.

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Rachel Zimmerman Reporter
Rachel Zimmerman previously reported on health and the intersection of health and business for WBUR. She is working on a memoir about rebuilding her family after her husband’s suicide. 



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