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Lehigh County OKs bond deal for LVHN to sell facilities

Posted on AllSides May 22nd, 2024
From The Center

ALLENTOWN, Pa. - The Lehigh County Board of Commissioners authorized the issuance of debt service to benefit a health care organization Wednesday night at the government center. The approved resolution authorizes Monroe County Hospital Authority to issue bonds that would ultimately allow Lehigh Valley Health Network to sell various facilities to the Centurion Foundation, a non-profit group which specializes in executing and managing financial and operational transactions involving health care facilities. Under the deal, LVHN will sell various buildings to Centurion, who will then lease the properties back to LVHN...

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https://wfmz.com/news/area/lehighvalley/lehigh-county-oks-bond-deal-for-lvhn-to-sell-facilities/article_a55ef956-18a2-11ef-9e79-5f2d606d6c95.html

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