October 20, 2016
WHEFA Bond Financing Helps Holy Family Memorial, Inc. Upgrade Information Technology in Manitowoc & Two Rivers
“This significant investment represents Holy Family Memorial’s ongoing commitment to excellence in information technology. The upgraded electronic health records system will enhance HFM’s ability to effectively diagnose patients, provide safe care with accurate and complete information about patients at the point of care, improve patient/provider interaction and communication regarding their condition and integrated treatment plan, and attract and retain physicians to serve Manitowoc County.”
– James Vopat, Senior Vice President, Finance
Franciscan Sisters of Christian Charity
Sponsored Ministries, Inc.
Bond financing facilitated by WHEFA will help Franciscan Sisters of Christian Charity Sponsored Ministries finance the acquisition and implementation of hardware and software associated with the replacement of the electronic health records system utilized at Holy Family Memorial and its healthcare facilities located in Manitowoc and Two Rivers. This tax exempt financing process has enabled the borrower to operate more effectively by financing its capital expenses at a lower interest rate (initially 0.89%).
WHEFA is proud to have been able to assist Franciscan Sisters of Christian Charity Sponsored Ministries by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.