Hospital debt refinanced

Action by the governing board of Greenville Health System re-finances debt accrued from the takeover of Oconee Memorial Hospital, and the GHS treasurer says yesterday’s action is expected to save $140 thousand dollars. In the resolution approved by the GHS board, the amortization and final maturity of the bonds is to be re-structured to blend the debt service requirements with other obligations. “Basically, just allows us to refinance that debt on more favorable terms, a lower cost,” Treasurer Larry Gosnell told 96.3/WGOG NEWS. Five months after GHS became owner of Oconee Memorial, GHS is still in the process of integrating the OMH financial and patient accounting systems, but Gosnell says it’s all going well.