MINNEAPOLIS & ROSEVILLE, Calif.--(BUSINESS WIRE)--May 2, 2017--
U.S. Bank today announced that its Healthcare Division has acted as sole
bookrunner in providing a $300 million revolving line of credit to
Adventist Health System West. Adventist Health is a faith-based,
not-for-profit health delivery system operating 20 hospitals and nearly
3,000 beds, as well as more than 260 clinics and other agencies.
“U.S. Bank has become the most trusted choice for many hospital systems
and other healthcare providers,” said Robert Joyce, senior vice
president and head of Healthcare at U.S. Bank. “We’re delighted to
provide Adventist Health System West with this credit facility and look
forward to continuing to support its growth and strategic mission.”
“Over the years, we have trusted in U.S. Bank’s stability and commitment
to the healthcare industry,” said Brandon Seibold, treasurer at
Adventist Health System West. “We appreciate that we can rely on their
expertise and straightforward approach to helping us meet our complex
business needs.”
U.S. Bank is a leading financial institution for organizations across
the healthcare industry, including hospitals, managed care and insurers,
pharmaceutical and biotech firms, and medical device companies. It
counts over 75% of the top 100 not-for-profit hospital systems as
clients and since 2012 has led more than 50% of syndicated transactions
for not-for-profit health systems.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $450 billion in assets
as of March 31, 2017, is the parent company of U.S. Bank National
Association, the fifth-largest commercial bank in the United States. The
company operates 3,091 banking offices in 25 states and 4,838 ATMs and
provides a comprehensive line of banking, investment, mortgage, trust
and payment services products to consumers, businesses and institutions.
Visit U.S. Bancorp on the web at www.usbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170502005460/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Elizabeth Parra,
415-464-8521
elizabeth.parra@usbank.com
@usbank_news