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Sun Health Receives Approval for $5.5M Lease Financing

Sun City, AZ

The Arizona Health Facilities Authority has approved the application of Sun Health Corporation for a $5,500,000 private placement with M&I First National Leasing. Theproceeds will be used to purchase radiology medical equipment including a 16-slice Computed Tomography scanner, Magnetic Resonance Imaging, Positron Emission Tomography/Computed Tomography, and other auxiliary radiology devices.

Sun Health Corporation is the parent corporation of the Sun Health Network. Sun Health provides a full range of inpatient, outpatient and emergency healthcare services through Walter O. Boswell Memorial Hospital, Del E. Webb Memorial Hospital and several outpatient diagnostic and treatment facilities.


Institution Type:
Hospital

Bond Issue Date:
12/1/2003

Amount Financed:
5 Million - 10 Million

Interest Rate:
Fixed

Bond Denomination:
N/A

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