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Boston & New England  + Boston  + Finance  |  May 15, 2024
Emily Fu
By: Emily Fu

Beth Israel Lahey Health Secures $400M Tax-Exempt Bond from MassDevelopment 

MassDevelopment has issued a $400 million tax-exempt bond for Beth Israel Lahey Health, Inc. (BILH), supporting facility improvements and electronic medical record systems. The bond will fund projects across BILH’s healthcare system, including the Klarman Building at Beth Israel Deaconess Medical Center and the implementation of EPIC and Workday electronic medical record systems. The bonds were underwritten by Goldman Sachs & Co. LLC. 

BILH is an integrated health system with academic medical centers, community hospitals, and more, serving over 1.7 million patients in Eastern Massachusetts and Southern New Hampshire. MassDevelopment’s support aims to enhance community health and economic growth. 

“Beth Israel Lahey Health is making significant investments throughout its health care system and MassDevelopment is proud to be a partner in this effort,” said Acting MassDevelopment President and CEO Dan O’Connell. “We look forward to seeing how these upgrades make our communities healthier and strengthen our local economies.” 

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Dan O’Connell

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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