Aspermont, TX (January 9, 2018) – Stonewall Memorial Hospital District (SMHD) announced plans to build a new Long Term Care Nursing Home Facility and a Senior Independent Living Facility and upgrade hospital communication equipment with the proceeds of their recently issued $4,000,000 Revenue Bonds. The new Senior Independent Living
Facility and Long Term Care Nursing Facility will be the only cooperative facilities of their kind in Stonewall County or the surrounding area and will be located on the same 16 acre campus with the primary CAH hospital, Stonewall Rural Health Clinic, and Community Wellness Center.
The new complex will be approximately 23,000 square feet with 60 beds in the nursing facility and 16 Senior Independent Living apartments with services including daily visitations and well-being monitoring, shopping assistance, meal preparation, medicine administration, and housekeeping. Construction is expected to begin in early 2018.
Government Capital Securities Corporation (GCSC) acted as the Financial Advisor to Stonewall County Hospital District for the bond issue. Andy Kolb, CEO of the Stonewall County HD stated, “We couldn’t have done it without the guidance of our Financial Advisor, Government Capital Securities Corporation. We are very excited to have been able to take advantage of today’s low interest rates for this project.”
“It was a pleasure working with Andy and his staff at Stonewall County Hospital District. Ensuring that the elderly will have a place for quality care in Stonewall County is very gratifying”, said Ted Christensen, President of Government Capital Securities Corporation.
About Stonewall Memorial Hospital District
The Stonewall Memorial Hospital District serves Stonewall, Kent and Dickens counties and operates a 24 hour critical access hospital, a Rural Health Clinic, a long term care nursing facility and a community wellness center located in Aspermont, as well as two Rural Health Clinics located in Jayton and Spur. For more information:
About Government Capital Securities Corporation
Government Capital Securities Corporation is a privately held municipal advisory firm headquartered in Southlake, Texas. The firm is an endorsed partner of the TORCH Managed Services Inc. (TMSI) and offers a broad range of Public Finance services. For more information: www.govcapsecurities.com