Iberia Medical Center Board of Commissioners Approves $22 Million in Bonds

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Iberia Medical Center Board of Commissioners Approves $22 Million in Bonds - Monday, March 30, 2015

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In a progressive move last week, the Board of Commissioners of Iberia Medical Center (Hospital Service District #1) voted unanimously to recommend to the Iberia Parish Council that it give preliminary approval for the Hospital Service District to pursue the issuance of up to $22 million in hospital revenue bonds for making improvements, extensions, additions, renewals, replacements or repairs to Iberia Medical Center.  The bond issuance would be perhaps the largest in the history of the organization and in pursuing it, Iberia Medical Center is funding its future to continue to be the premier health care organization in Iberia Parish.

   "Our organization has reached a pivotal point in time and the funding is needed to address all of the expectations that have been put forth following several years of planning and completion of both a comprehensive strategic plan and a facility master plan,” stated Parker Templeton, CEO of Iberia Medical Center, addressing the Board of Commissioners.  "The time has come to move forward with those plans for the future of Iberia Medical Center and healthcare in Iberia Parish.”

  Implementation of projects will be in phases, with first priorities to include increased space in the Maternal/Child Services Department, specifically the Labor and Delivery Unit; improvements in the Emergency Department to accommodate higher volume; a Women’s Imaging Center; and a Surgery Tower.

  The recommendation for the issuance of the bonds will go before the Iberia Parish Council Joint Committee at its April 1st meeting, and then to the State Bond Commission in May.


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