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Rice Memorial Hospital in Willmar, Minn., to refinance bonds from 2002 expansion


WILLMAR -- Rice Memorial Hospital will save about $250,000 a year in debt service by refinancing bonds issued in 2002 for a major expansion and renovation.

At a meeting Wednesday, the board of directors for the city-owned hospital adopted a resolution outlining the terms of the sale.

Final approval is pending from the Willmar City Council, which has already essentially endorsed the hospital's plan to refinance the debt.

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Anne Polta

Anne Polta covers health care, business/economic development and general assignment. Her HealthBeat blog can be found at Follow her on Twitter at @AnnePolta.

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