SCBHS updates county on need for debt refinancing

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By Reed Anfinson
Publisher
Swift County Monitor-News

Saving $250,000 in interest payments every year would significantly improve the bottom line of Swift County-Benson Health Services.

To get that savings, SCBHS would have to refinance its $7.5 million debt associated with construction of Scandi Haven Village, the $6 million general obligation bonds from 2014 and the $2 million in general obligation bonds from 2013.

At the Swift County Board of Commissioners meeting Feb. 4, Co-SCBHS Administrators Melissa McGinty-Thompson and Dan Enderson explained how refinancing the $15.3 million debt could then greatly reduce the interest on those loans.

CentraCare Health, which through its affiliate Carris Health is now managing SCBHS, has said that it would come back to the governing board at its Feb. 24 meeting with possible options for refinancing the debt. It has not said how that refinancing would take place...

 

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