Clarian Health, Indiana’s second-largest health care provider, officially renamed itself Indiana University Health this week to emphasize its partnership with the Indiana University School of Medicine.

Clarian officials officially adopted the new name Monday in a dedication ceremony.

Clarian, a six-hospital system that is a joint venture of Methodist Hospital and the Indiana University School of Medicine, is considering spending up to $500 million to build a new patient tower at its Methodist Hospital site in downtown Indianapolis. Financing would include a mix of donations, cash, and tax-exempt bonds.

The hospital last entered the bond market in May 2008 when it refinanced $700 million of insured auction-rate securities.

Later that year, it postponed most of its major capital projects — estimated to total around $2 billion — after the markets collapsed.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.