Health care bond use grows nationally, but uncertainty looms for R.I. systems

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MONEY MATTERS: Brown University Health is using a portion of the funds raised in a $300 million bond issue last year to finance a Miriam Hospital renovation project that will include a new emergency department. The rendering shows what the completed $125 million project will look like. 
COURTESY THE MIRIAM HOSPITAL
MONEY MATTERS: Brown University Health is using a portion of the funds raised in a $300 million bond issue last year to finance a Miriam Hospital renovation project that will include a new emergency department. The rendering shows what the completed $125 million project will look like. 
COURTESY THE MIRIAM HOSPITAL

As health systems’ balance sheets and labor forces are stabilizing, the health care bond market has rebounded. But uncertainty still reigns for Rhode Island health systems. In 2024, health care bond issuances across the country more than doubled, reaching $35.6 billion, compared with the $17.7 billion issued in 2023, according to health care consulting firm

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