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News Release: It’s a Done Deal – Essentia Health

Raymond James Healthcare Finance

It’s a done deal

Raymond James serves as financial advisor for¬†Essentia Health’s $256 million tax-exempt 2020 financing

This financing, involving multiple states, issuers and banks selected on an RFP basis, enabled Essentia Health to lock in a cost of capital below 2% to refund over $190 million of existing debt while issuing $65 million of new money bonds, all without increasing its overall prior MADS while retaining its A-/A- S&P and Fitch bond ratings. The financing, along with its continued strong financial performance and balance sheet, helps position Essentia Health to be able to continue to expand its services and markets served across its Minnesota, North Dakota and Wisconsin service areas.

To learn more about this transaction, please view the case study.

Essentia Health Case Study

About Raymond James Healthcare Finance

The Healthcare Finance Group of Raymond James provides specialized healthcare investment banking expertise to clients nationwide through strategic advisory, capital markets, M&A, and real estate services. With veteran bankers in five offices across the country, Raymond James offers one of the largest and most qualified healthcare investment banking platforms with a focus on not-for-profit healthcare, completing over 550 client engagements in the last 10 years.

Click here to learn more about what our Healthcare Finance team can do for you.

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