What is a hospital bond?
A hospital bond is a type of revenue bond used to raise needed funds to pay for facility construction, renovation, and expansion and/or purchase of or upgrades to patient-care equipment and technology.
What exactly will this bond pay for?
The requested $29.3 million bond will pay for expansions of emergency, inpatient, and cardiovascular and OR capacity at the hospital in Greenville and replacement of patient care technology equipment in the cancer center in Greenville.
- Replacement of the 17-year-old linear accelerator (LINAC) used for precision radiation treatment for patients with cancer at the Lou and Jack Finney Cancer Center at Hunt Regional Medical Center in Greenville.
- Adding staffed emergency department beds to reduce ED wait times at Hunt Regional Medical Center in Greenville.
- Adding staffed inpatient and intensive care unit beds to provide post-surgical and medical care for patients needing to be hospitalized at Hunt Regional Medical Center in Greenville.
- Upgrades to and expansion of cardiovascular and operating room capacity at Hunt Regional Medical Center in Greenville for patients needing diagnostic heart testing and evaluations and/or interventional heart procedures, such as stents, angioplasty, or pacemaker implants.
Why does Hunt Regional Medical Center need a bond?
The bond is needed to finance upgrades and expansion of the hospital’s care capacity.
Hunt County is one of the state’s fastest growing counties, experiencing nearly 5 percent population growth from 2022 to 2023 and more than 25 percent growth since 2010.
Nearly 30,000 more people are estimated to call Hunt County home by 2030. Our thriving community is expected to attract as much growth in the next five years as we saw in the last 20 years.
Public investment is needed both to address the region’s immediate healthcare needs and prepare for increased demand as the population continues growing.
Will the proposed hospital bond increase the property tax rate?
No tax rate increase is requested.
How were the bond priorities established?
The board of managers of the hospital established the priorities after a full analysis of needs, funding options, and population trends.
More Insights and Updates
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