Hospital Bond Refinancing/Refunding Saves $

Thursday, October 8, 2020 at 11:29 AM

Projects that will be funded by this effort include: -A new fixed-wing aircraft for AirCare aeromedical services -A linear accelerator for the Oncology program -New information technology infrastructure -State-of-the-art inpatient beds -Upgrades to the nurse call system

From San Juan Regional Medical Center

Thursday, October 8, 2020

San Juan Regional Medical Center is pleased to announce that it has completed a $42.5 million municipal bond refunding and refinancing initiative. This project provides roughly $20.5 million in refinancing of older, higher cost debt as well as $22 million in capital project monies, which will save our community approximately $1.5 million in interest expenses. In addition, this project allows the hospital to purchase new equipment and technology through the New Mexico Hospital Equipment Loan Council.

“San Juan Regional Medical Center is grateful for the support of the New Mexico Hospital Equipment Loan Council for financing our capital needs on a wide variety of projects that align with our dedication to serve our community as the region’s only community-owned and operated hospital,” San Juan Regional Medical Center President and CEO Jeff Bourgeois said. “We thank the Council for its long history of commitment to financing healthcare needs across New Mexico, impacting countless lives.”

Projects that will be funded by this effort include:

A new fixed-wing aircraft for AirCare aeromedical services
A linear accelerator for the Oncology program
New information technology infrastructure
State-of-the-art inpatient beds
Upgrades to the nurse call system

“This project’s completion is a significant and meaningful step in the reduction of interest expense as well as improvements in patient access and investment in our clinical capabilities,” said John Mayer, San Juan Regional Medical Center Chief Financial Officer. “We are always looking for opportunities to reinvest and improve our abilities to deliver on our core values of Sacred Trust, Personal Reverence, Thoughtful Anticipation, Team Accountability and Creative Vitality for the community we serve daily. We are thrilled to have delivered this accomplishment for our friends and neighbors.”

As projects funded by this effort are completed, San Juan Regional Medical Center will keep our community updated.

More from Local News

Former Dallas Cowboy Shiyazh Pete visits Alma Mater: Shiprock High School

Shiyazh Pete went on from Shiprock High to play college football at New Mexico State University and the University of Kentucky before signing and training with the Dallas Cowboys as an undrafted free agent. He returned to Shiprock High School to share what he learned along the way and to encourage Chieftain students and athletes as they begin a new season.
Judge: SunRay Can't Move Horse Racing & Casino to Clovis

In February, San Juan County Commissioners voted to seek judicial review of the New Mexico Racing Commission’s decision to authorize Western Gaming to move its racing license to Clovis, NM. The Racing Commission’s decision, at the request of Western Gaming, would have ended San Juan County’s long heritage of horse racing at a county-owned facility.
NM Rep. Joseph Hernandez Ends Re-Election Campaign

In his statement, Hernandez says, "At this time, I believe the best decision for me and those I love is to focus on my health and my family, while continuing to serve the community that entrusted me with this office through the remainder of my term."
Suspect Arrested after Sexual Assault

During the investigation, officers learned that a male and female who knew each other had been in the area of the disc golf course. Neither individual was a student or staff member of San Juan College. The female victim reported that an altercation occurred between her and the male, Tyson Saggboy. She reported that Saggboy battered her, removed her clothing, and strangled her before fleeing the scene.
Ground Broken for new STEAM Education Building at Navajo Prep

The new Science, Technology, Engineering, Arts, and Mathematics (STEAM) Facility will provide expanded space for Navajo Prep’s International Baccalaureate program and career-focused pathways.
Farmington Man Sentenced on Child Porn Conviction

Earlier this week, Jacob Marriott was sentenced after pleading guilty to 4 counts of Manufacturing of Child Pornography (2nd Degree Felony), 1 count of Possession of Child Pornography (4th Degree Felony), and 2 counts of Voyeurism of a Child Under 18 (3rd Degree Felony).