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WHEFA bond financing helps SSM Health Care of Wisconsin in Monroe

Bonds Underwritten by Co-Senior Managers Citigroup and Wells Fargo

“SSM has historically used tax exempt financing to complete the construction, renovation and expansion of its care delivery sites. Over the years SSM has issued over $300 million in tax exempt debt through the State of Wisconsin. The availability of this financing source has allowed SSM to create billions of dollars of economic activity while improving the health of the residents of Wisconsin.”

 –  Mike Malewicz, System Vice President,Treasury & Chief Investment Officer, SSM Health Care Corporation

SSM Health Care Corporation employs approximately 14,000 employees in Wisconsin. 

Bond financing facilitated by WHEFA was used to help SSM Health Care of Wisconsin acquire certain assets of The Monroe Clinic and subsequently defease a similar outstanding amount of bonds previously issued by WHEFA in 2016.  This federally tax-exempt financing process has enabled SSM Health Care Corporation to operate more effectively by financing its capital expenses at a lower interest rate (initially 5.00%).

WHEFA is proud to have been able to assist SSM Health Care Corporation by providing access to low-cost private capital.

For more information visit our website at www.whefa.com or please contact:

Dennis P. Reilly | Executive Director | p: 262.792.0466 | e: info@whefa.com

About WHEFA

WHEFA fulfills its mission of assisting all eligible Wisconsin non-profit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance capital improvement and expansion needs. Since inception, WHEFAhas provided several hundred Wisconsin non-profit corporations access to private and public capital markets at lower costs than are available to them in the conventional marketplace.   Pursuant to Section 231.10 of the Wisconsin Statutes, bonds issued by WHEFA are not considered indebtedness of the State of Wisconsin, and the State has no obligation to repay any bonds issued byWHEFA under any circumstances. Additionally, WHEFA does not utilize any State moneys to fund its operations. www.whefa.com |18000 West Sarah Lane, Suite 300, Brookfield, WI 53045 | 262.792.0466

 

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