Lancaster County Hospital Authority Issues $301M in University of Pennsylvania Health System Revenue Bonds

The Lancaster County Hospital Authority issued $301,360,000 of University of Pennsylvania Health System Revenue Bonds to refund certain prior bonds issued on behalf of the University of Pennsylvania Health System (UPHS) and its affiliate Lancaster General Health (LGH), as well as to finance certain capital expenditures of UPHS and LGH. The transaction resulted in the financial integration of the LGH system into the UPHS obligated group. Our firm acted as underwriter’s counsel in the issuance of the revenue bonds.