Spectrum Health System, founded in 1997 and based in Grand Rapids, Michigan, serves as a leading integrated health care provider dedicated to enhancing community health through patient-centered care. The system offers a comprehensive range of services, including hospitals, outpatient facilities, and health insurance products through its Spectrum Health Plan.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SPTHLT 3.49% 2049-07-15 USDSpectrum Health System | United States | 2049-07-15 | 3.487 | 5.52 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Spectrum Health System has actively utilized bond issuances to finance its growth and expansion, with its first major bond offering taking place in 2000, which allowed for significant improvements in facilities and technology. Notably, in 2021, Spectrum Health issued $500 million in bonds to support the development of new healthcare facilities and enhancements in existing ones, with current yields for these bonds reflecting competitive rates compared to other healthcare organizations. The bonds feature various tax-exempt offerings, making them attractive to investors seeking fixed-income opportunities within the healthcare sector.