Eisenhower Medical Center Secures Tax-Exempt Debt Through the CMFA

Eisenhower Medical Center has provided high quality, compassionate care for more than 40 years through a full range of state-of-the-art diagnostic, treatment and emergency facilities. Eisenhower is an accredited teaching hospital, with a School of Graduate Medical Education training new physicians in the specialties of family medicine and internal medicine.

The proceeds of the bonds will be used to prepay in full $18,735,000 outstanding aggregate principal amount of City of Rancho Mirage Joint Powers Financing Authority Certificates of Participation, Series 1997B, executed and delivered for the benefit of the Borrower, the proceeds of which were used to finance and refinance the costs of the acquisition, construction and equipping of certain health care capital improvements (the “Project”) owned by the Borrower and located at Eisenhower Medical Center, 39000 Bob Hope Drive, Rancho Mirage, California 92270

 

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