Where will Providence St. Peter Hospital (PSPH) get the money?
Eighty percent of the project will be financed through long-term debt, secured by the Providence Health System and Providence St. Peter Hospital. The Providence Health System will secure $49 million of the $63.3 million total. PSPH could not do this project if it was not part of a larger health care system. The remainder will come from the sale of PSPH assets, the hospital’s annual capital budget and charitable contributions from the community.
