Bond financing facilitated by WHEFA will be used to help Upland Hills Health, Inc. finance costs associated with the acquisition, construction and equipping of an addition and renovations to the 25-bed critical access hospital located in Dodgeville, Wisconsin, including expansion of the first-floor surgical area, a second-floor addition for private inpatient rooms, new birthing and C-section suites, and other capital improvements. This federally tax-exempt financing process has enabled Upland Hills Health, Inc. to operate more effectively by financing its capital expenses at a lower interest rate. Upland Hills Health, Inc. has received a Letter of Conditions (a commitment) for a loan from the United States Department of Agriculture – Rural Development (USDA) to refinance the bonds upon completion of construction of the project.
WHEFA is proud to have been able to assist Upland Hills Health, Inc. reduce their overall debt service by providing access to low-cost private capital.