California Health Facilities Financing Authority
Current News
Hospitals and health care systems get help to avoid further strain from interest hikes on bonds.
“Patients should not have to suffer because hospitals and health care systems are forced to pay high and higher interest rates on bonds,” said Treasurer Lockyer. “Today’s action aims to ease the burden of these interest rate hikes on hospitals, and bring back some stability to their balance sheets so they can focus on keeping Californians healthy.”
Hospitals and health care systems struggling with skyrocketing interest rates on bonds will get help.
“When hospitals and health care systems have to spend more money to pay interest on bonds, they have less to spend on healing people and funding vital facilities and projects,” said Treasurer Lockyer. “This expedited opportunity to refinance existing debt aims to ensure that Californians are not unfairly burdened with diminished care and services because of market events beyond their control.”
Oakland Children’s Hospital and four other health facilities will get more than $30 Million for new equipment and construction to improve care and increase access from the California Health Facilities Financing Authority (CHFFA).
“All of the projects approved today help provide essential services to often overlooked populations in vital need of care,” said Treasurer Lockyer. “And by helping children and small and rural community clinics we are able to move one step closer to the goal of providing quality, accessible health care to all Californians.”