Sarasota Memorial Health Care System in Florida plans to sell up to $425 million of bonds this year, with $161 million being priced on Feb. 18.
J.P. Morgan Securities will be the lead underwriter on the , Sarasota County Public Hospital District Series 2026A bonds, which are rated Aa3 by Moody's Ratings and AA-minus by Fitch Ratings, with both offering a stable outlook on the debt.
Foundation work has commenced on SMH-North Port, which will be North Port's first acute-care hospital.
SMH plans to start construction on Venice Rehabilitation Pavilion, a four-story facility that will offer specialized inpatient and outpatient rehabilitation. It is also continuing with $50 million in radiology upgrades and expansions at multiple facilities in Sarasota and Venice.
Sarasota Memorial Health Care System — Sarasota County's largest employer — has about 2,500 physicians and advanced practice providers and 11,000 employees.
The Sarasota County Public Hospital Board approved the yearly debt total last month.
