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.
In a statement, Lawrence General Hospital president and chief executive Dianne Anderson 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. We know that employees will be pleased with the improvements to the work environment, and will take pride in the investment LGH is making in the community. This significant strategic investment will strengthen our role as the premier regional health system for the Merrimack Valley region.”