Hospitals Are Back to the Muni Market With Labor Costs Easing

 

• Borrowing this month far outpaces all of last January
• Pent-up need for upgrades drives issuance as finances improve

Hospitals are returning to the municipal-bond market as they aim to pivot from survival to revival.

So far this year, hospitals are tapping the market with more than $1.7 billion to expand and upgrade facilities, according to data compiled by Bloomberg as of Jan. 12. That figure outpaces $390.7 million of issuance by hospitals last January.

https://www.bloomberg.com/news/articles/2024-01-12/hospitals-are-back-to-the-municipal-bond-market-as-labor-costs-ease