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Stoughton Hospital Association

$3,500,000 Renovation November 6, 2018

“Tax-exempt financing allows our facility to continue to grow
service lines, have advanced equipment and technology, exceed
expectations for safety and security for our patients and staff, and
better serve the growing communities in our service area. Working
with WHEFA on our 2018 bond issue, I am once again impressed
by and thankful for the expertise and support of the WHEFA staff.”
- Michelle Abey,
Chief Financial Officer / Vice President of Financial Services
Stoughton Hospital Association
13 Jobs Retained ▪ 10 Construction Jobs Created ▪ 275 FTE’s

Black River Memorial Hospital

$24,000,000 Construction, Renovation and Refinancing February 1, 2019

“We are fortunate to have a partner like WHEFA to provide us a
path for issuing tax-exempt financing that helps keep the cost of
financing lower for charitable organizations like BRMH. Keeping
financing costs lower results in keeping the cost of healthcare
lower in our community, a benefit for all.”

- Matthew J. Streeter, Chief Financial Officer
Black River Memorial Hospital, Inc.

16 Full and Part-Time Jobs Created ▪ 40 Construction Jobs Created

Divine Savior Healthcare
$23,665,000 Refinancing May 31, 2019

“Another successful financing through WHEFA provided low cost
tax-exempt funds that we used as a necessary tool for our debt
financing management. Divine Savior Healthcare needs access to
the low-cost tax-exempt financing to continue its mission of
providing healthcare services to its surrounding communities.
WHEFA provides an efficient way to finance projects with tax-
exempt bonds and as with our previous issues, we truly appreciate
the expertise and professionalism of the WHEFA staff.”
▪ 743 FTE’s in Wisconsin ▪
- Pete Nelson, Vice President of Finance
Divine Savior Healthcare, Inc.

WHEFA 2019 Annual Report 13