Business

Bonds to fund Lawrence hospital’s $43.5m renovation plan

A rendering of some of the renovations planned at Lawrence General Hospital. Rendering was included with the press release.

A rendering of some of the renovations planned at Lawrence General Hospital. Rendering was included with the press release.

MassDevelopment, the state’s finance and development agency, said it has issued nearly $43.5 million in tax-exempt bonds on behalf of Lawrence General Hospital, which plans to use the bond proceeds to renovate and modernize its campus.

A 189-bed community hospital that serves the Merrimack Valley, Lawrence General Hospital is clinically affiliated with the Floating Hospital for Children at Tufts Medical Center and Beth Israel Deaconess Medical Center.

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In a statement, Dianne Anderson, chief executive of Lawrence General Hospital, said: “Our plans call for renovation and modernizing of adult patient rooms and an increase in private rooms, which will promote a better healing environment.”

Chris Reidy

Chris Reidy can be reached at reidy@globe.com.
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