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CentraCare to take over Rice Hospital debt from city of Willmar


CentraCare to take over Rice Hospital debt from city of Willmar
The Willmar City Council has approved the refinancing plan for Carris Health to take over ownership of the remaining debt on Rice Memorial Hospital through the issuance of revenue bonds.
7:00 pm, Apr. 13, 2021
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CentraCare will be taking over $32 million in debt attached to Carris Health Rice Memorial Hospital of Willmar.
Erica Dischino / West Central Tribune
WILLMAR Health care provider CentraCare, which operates Willmar s Rice Memorial Hospital through the subsidiary Carris Health, will take over $32 million in debt connected to the hospital from the city of Willmar.
The Willmar City Council approved a resolution at the April 5 meeting authorizing the issuance and sale of conduit revenue refunding bonds for the debt refinancing, as well as amending the lease agreement between the city and CentraCare to reflect the changes. ....

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