Refinancing hospital debt

At a meeting tomorrow morning, the board of trustees of GHS—the Greenville Health System—will consider a resolution to refinance the debt owed by Oconee Memorial Hospital. When GHS took over OMH last October, it assumed about $70 million in bond indebtedness and what are called “related interest rate swaps.” A spokeswoman says GHS has determined it is “financially favorable” for it to refinance the debt at current rates and, by doing so, anticipates an annual saving of $140 thousand in interest charges.