Hansen Family Hospital is less than 10 years old, but the hospital is pursuing a plan to refinance a portion of the bonds that were used to pay for its construction. It's estimated that refinancing would save the hospital as much as $1 million over the life of the loans.
A combination of funding sources was used to fund the hospital's construction. Hardin County sold $20 million in general obligation bonds, and the City of Iowa Falls sold $2 million in general obligation bonds and $3 million in revenue bonds. All bonds are being repaid by the hospital using revenue from services. No taxes have been used to make any bond payments.