Hospitals Are Back to the Muni Market With Labor Costs Easing
- Borrowing this month far outpaces all of last January
- Pent-up need for upgrades drives issuance as finances improve
The emergency room entrance of a hospital in Sterling, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Hospitals are returning to the municipal-bond market as they aim to pivot from survival to revival.
So far this year, hospitals are tapping the market with more than $1.7 billion to expand and upgrade facilities, according to data compiled by Bloomberg as of Jan. 12. That figure outpaces $390.7 million of issuance by hospitals last January.