The Westchester Medical Center Health Network's $286.9 million Series 2023 bond issuance supported the construction of a state-of-the-art patient tower. This transaction featured a pioneering corporate taxable bond tender offer, a first in the nonprofit healthcare sector, which allowed for significant de-leveraging and attracted strong investor demand. This financing also secured favorable terms while enhancing WMC's financial stability. Westchester Medical Center's innovative approach illustrates how creative financing structures can strengthen healthcare institutions in challenging economic times.
Deal of the Year 2024: Westchester Medical Center Health Network (Healthcare Financing)
December 15, 2025 2:26 PM