Council Action On Hospital Bonds

At a special meeting, the Greenville City Council adopted a resolution to amend Illinois hospital revenue bond documents.

City Manager Dave Willey said the bonds were initially issued to Greenville Regional Hospital and the hospital’s affiliation with Hospital Sisters Health System has necessitated some changes to the bond documents. Interest rates have also been modified. The city doesn’t have any responsibilities for the bonds.

Click below to hear his comments:

The hospital issued $10 million in revenue bonds in 2011 to finance and refinance the costs of medical facilities.

The hospital has been renamed HSHS Holy Family Hospital.