Louisiana
The North Oaks Health system
A $99 million issuance will be used to finance a 200,000 square foot, five-story hospital tower, expanding North Oaks’ existing facility. The new space will include 14 new operating room suites, 12 outpatient surgery beds, and 67 new inpatient rooms. The North Oaks Health system was originally forced to put this plan on hold in December 2008, due to the financial downturn’s effects on the municipal finance market. However, with the lower costs associated with the Build America Bond program, the hospital was able to renew its plans.
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