Pullman Hospital board votes to re-finance 2004 bond issue

Pullman Regional Hospital’s board of commissioners voted Tuesday to re-finance its 2001 voter-approved bond issue of $8.2 million to build the new hospital. Pullman Regional Hospital opened in 2004.

The hospital board voted to take the opportunity to refinance the same bonds at a better rate and reduce the debt by as much as $300,000.

The original bonds were issued in 2001 at a 20-year rate. They were all bought a year later. The financial group D.A. Davidson handles the bonds for the hospital.

Pullman Regional Hospital CEO Scott Adams was a proponent of the refinancing.

“Absolutely,” he said....