St John's Healthcare Corp, founded in 2003 and based in St. John's, Newfoundland, is dedicated to providing high-quality healthcare services to the local community. The company specializes in a range of medical services, including patient care, surgical services, and outpatient treatment, catering to both acute and chronic health needs.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, St John's Healthcare Corp has actively engaged in the bond market, issuing its first set of bonds in 2005 to finance facility expansions and modernize medical equipment. A notable issuance occurred in 2018, when the company raised $50 million in bonds to support a major development project, achieving competitive yields of 3.5%, which compared favorably to the industry average of 4.0%. The bonds included a unique feature, allowing for early redemption after five years, providing investors with flexibility. Recently, the company announced plans for a new bond issuance to fund additional infrastructure improvements, reflecting its ongoing commitment to enhancing healthcare services in the region.