201710.11
0

InnoVative Capital completes $35 million USDA financing Morgan Memorial Hospital project success story in a turbulent rural hospital industry

SPRINGFIELD, PA and MADISON, GA: (October 11, 2017) – As Financial Advisor to Morgan Memorial Hospital (“Morgan Memorial”), InnoVative Capital, LLC, announces the placement of $35 million, 23-month, tax-exempt construction notes, in conjunction with a forward permanent funding obligation from the U.S. Department of Agriculture (“USDA”) for a 25-year Direct Loan at a fixed rate…