March 24, 2020
WHEFA Bond Financing Helps Gundersen Health System Expand
Bonds Placed with Barclays Capital Inc.
“Once again, WHEFA was a great partner in helping Gundersen Health System access affordable capital to help us finance our growth.”
– Don Brueggen, Treasury Director
Gundersen Health System, Inc.
Bond financing facilitated by WHEFA will be used to help Gundersen Health System finance costs associated with various capital projects in West Salem, and La Crosse, Wisconsin. In addition, bond proceeds were used for the acquisition, construction, renovation and equipping of an approximately 86,000-square-foot health care facility in Winona, Minnesota. The health care facility, located in Gundersen’s primary service area, is functionally and operationally integrated with Gundersen’s Wisconsin facilities and will provide extended services that will allow patients to receive care closer to home. This tax-exempt financing process has enabled Gundersen Health System to operate more effectively by financing its capital expenses at a low interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.