CMFA issues $11,080,000 in Bonds for Omni Family Health facilities located within Kern County, California
Omni Family Health (“OFM”) is a network of state of the art health centers located throughout Kern County. Since 1978, Omni Family Health has provided quality healthcare services in the communities of Buttonwillow, Lost Hills, Wasco, Taft, Delano, Shafter, Ridgecrest, Tehachapi and Bakersfield. Omni Family Health operates in sixteen medical sites, ten dental sites, five behavioral health sites and three full pharmacies.
Proceeds will be used to refund the outstanding California Statewide Communities Development Authority Insured Revenue Bonds (National Health Services, Inc.), Series 2007, issued to make a loan to OFH to finance the costs of acquisition, construction, improvement, renovation and equipping certain improvements at OFH’s medical and health facilities located in Shafter and Ridgecrest, California and to prepay a bank loan from Wells Fargo Bank, N.A. to OFM to finance the costs of acquisition, construction, improvement, renovation and equipping certain improvements at OFH’s medical and health facilities located in Bakersfield, California.