Notice 1) West Virginia Hospital Finance Authority/West Virginia University Health System Obligated Group
NOTICE OF PUBLIC HEARING
Notice is hereby given pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) that on Thursday, May 8, 2025, a public hearing will be held in Conference Room 4QV at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, WV 25301, and by teleconference, Toll Free dial in number: 1-888-475-4499, Meeting ID: 847 9058 3075, Password: 048460, commencing at 12:00 Noon, local time, with respect to the proposed issuance by the West Virginia Hospital Finance Authority (the “Issuer”) of qualified 501(c)(3) bonds as defined in Section 145 of the Code and as described below.
The Issuer intends to issue its Hospital Revenue Improvement Bonds (West Virginia University Health System Obligated Group) 2025 Series A, in one or more series, on a taxable or tax-exempt basis, and in an original aggregate principal amount not to exceed $550,000,000 (the “Bonds”), the proceeds of which will be loaned to the West Virginia United Health System, Inc. d/b/a West Virginia University Health System, a West Virginia nonprofit corporation (“WVUHS”), as obligated group agent (the “Obligated Group Agent”) on behalf of the West Virginia University Health System Obligated Group, which on the date of the issuance of the Bonds will consist of (i) WVUHS, (ii) Barnesville Hospital Association, Inc., an Ohio nonprofit corporation (“Barnesville”), (iii) Braxton County Memorial Hospital, Inc., a West Virginia nonprofit corporation (“Braxton”), (iv) Camden-Clark Memorial Hospital Corporation d/b/a Camden Clark Medical Center, a West Virginia nonprofit corporation (“CCMC”), (v) City Hospital, Inc. d/b/a Berkeley Medical Center, a West Virginia nonprofit corporation (“Berkeley Medical”), (vi) Community Health Association d/b/a Jackson General Hospital, a West Virginia nonprofit corporation (“Jackson General”), (vii) GRMC, Inc. d/b/a Garrett Regional Medical Center, a Maryland nonprofit corporation (“GRMC”), (viii) Grant Memorial Hospital, Inc., a West Virginia nonprofit corporation (“Grant”), (ix) Harrison Community Hospital, Inc., an Ohio nonprofit corporation (“Harrison”), (x) Herbert J. Thomas Memorial Hospital Association, a West Virginia nonprofit corporation (“Thomas Hospitals”), (xi) Potomac Valley Hospital of W. Va., Inc., a West Virginia nonprofit corporation (“PVH”), (xii) Princeton Community Hospital Association, Inc., a West Virginia nonprofit corporation (“Princeton”), (xiii) Reynolds Memorial Hospital, Inc., a West Virginia nonprofit corporation (“Reynolds”), (xiv) St. Joseph’s Hospital of Buckhannon, Inc., a West Virginia nonprofit corporation (“St. Joseph’s”), (xv) The Charles Town General Hospital d/b/a Jefferson Medical Center, a West Virginia nonprofit corporation (“Jefferson Medical”), (xvi) The West Virginia Health Care Cooperative, Inc. d/b/a Summersville Regional Medical Center, a West Virginia nonprofit corporation (“Summersville”), (xvii) Uniontown Hospital, a Pennsylvania nonprofit corporation (“Uniontown”), (xviii) United Hospital Center, Inc., a West Virginia nonprofit corporation (“UHC”), (xix) University Healthcare Foundation, Inc., a West Virginia nonprofit corporation (“UHF”), (xx) Weirton Medical Center, Inc., a West Virginia nonprofit corporation (“Weirton”), (xxi) Wheeling Hospital, Inc., a West Virginia nonprofit corporation (“Wheeling”), (xxii) West Virginia University Hospitals, Inc., a West Virginia nonprofit corporation (“WVUH”), and (xxiii) Wetzel County Hospital, Inc., a West Virginia nonprofit corporation (“Wetzel”), (each a “Member,” and collectively, the “Obligated Group”); and used to:
- finance or reimburse the acquisition, construction, relocation, expansion, renovation, and equipping, as applicable, of the following Hospital Facilities (as defined in Chapter 16, Article 29A of the Code of West Virginia of 1931, as amended):
- on behalf of WVUH, a new four-story Eye Center Clinic and Outpatient Surgery Center to include, without limitation, operating rooms, exam rooms, physician office space and research space and a multi-level parking garage located adjacent to the campus of J.W. Ruby Memorial Hospital at 1 Medical Center Drive, Morgantown, West Virginia, in a principal amount not to exceed $121,000,000;
- on behalf of Berkeley Medical, the creation of an observation unit, improvements to current operating areas, the addition of a neuro-interventional operating suite on the first floor and a laboratory on the second floor, renovations to the emergency department, the addition of a new tower with approximately 160 additional patient beds, additional parking with a pedestrian bridge to access such parking, and a new vault to house a new linear accelerator, to be located on the Berkeley Medical hospital campus at 2500 Hospital Drive, Martinsburg, West Virginia, in a principal amount not to exceed $69,800,000;
- on behalf of Princeton, including (1) a new approximately 50,000 square foot cancer center to be located on the hospital campus at 122 12th Street, Princeton, West Virginia, in a principal amount not to exceed $12,500,000 and (2) a new approximately 11,000 square foot emergency department, as well as space for ten observation beds and MRI, CT, and ultrasound with all supporting services, to be located at the Behavioral Health Pavilion of the Virginias at 1333 Southview Drive, Bluefield, West Virginia, in a principal amount not to exceed $8,000,000;
- on behalf of Wheeling, including (1) a new five-story regional cancer center with additional parking to include, without limitation, infusion chairs, radiation oncology vaults, clinic, exam, imaging, and therapy rooms, lab, and pharmacy, to be located on the former Ohio Valley Medical Center location at 2000 Eoff Street, Wheeling, West Virginia, in a principal amount not to exceed $52,000,000 and (2) an outpatient pediatrics center, to be located on the hospital campus at 1 Medical Park, Wheeling, West Virginia, in a principal amount not to exceed $11,100,000; and
- on behalf of UHC, a new approximately 48,000 square foot Outpatient Surgery Center consisting of 8 operating rooms to be located on the hospital campus at 327 Medical Park Drive, Bridgeport, West Virginia, in a principal amount not to exceed $40,000,000; and
- finance, refinance or reimburse the acquisition, construction, relocation, expansion, renovation, and equipping, as applicable, of the following Hospital Facilities on behalf of Thomas Hospitals: (1) an expanded intensive care unit, renovations to the pediatric unit, renovations to the 3T unit including centralized telemetry monitoring, renovations to the heart and vascular institute suite 204 in the medical office building known as MOB West, renovations to the cancer center in the medical office building known as the Poplar Street MOB, an expansion of the hybrid/catheterization lab including a third catheterization lab and catheterization recovery area, the acquisition of heart and vascular institute open heart equipment, renovations to the pediatric clinic building, all located on the campus of Herbert J. Thomas Memorial Hospital at 4605 MacCorkle Avenue SW, South Charleston, West Virginia, in a principal amount not to exceed $48,000,000; and (2) renovations to the orthopedic hospital located on the Saint Francis Campus at 333 Laidley Street, Charleston, West Virginia, in a principal amount not to exceed $18,000,000.
The Bonds will be special obligations of the Issuer and pursuant to the Act, will not constitute a debt or a pledge of the faith and credit of the Issuer or a pledge of the faith and credit or taxing power of the State of West Virginia or any political subdivision thereof. Persons wishing to express their views on the proposed issuance of the Bonds may appear at the hearing or may submit their views in writing regarding the proposed issuance of the Bonds and the nature of the projects to be financed therewith. Any written submissions should be sent to the West Virginia Hospital Finance Authority, Box 2B, Albert T. Summers Center, 1124 Smith Street, Charleston, WV 25301, Attention: Chairman, and clearly marked “Re: West Virginia Hospital Finance Authority’s Hospital Revenue Improvement Bonds (West Virginia University Health System Obligated Group), 2025 Series A.” Written submissions should be mailed in sufficient time to be received before Thursday, May 8, 2025.
The State of West Virginia acting by and through the West Virginia Hospital Finance Authority, James R. Christie, Chairman.
Notice 2) West Virginia Hospital Finance Authority/HealthNet
NOTICE OF PUBLIC HEARING
Pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), notice is hereby given that on Thursday, May 8, 2025, at 12:00 noon, local time, a public hearing will be held in Conference Room 4QV at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, WV 25301, and by teleconference, Toll Free dial-in number 888-475-4499, Meeting ID 847 9058 3075, Password: 048460, with respect to the proposed plan of tax-exempt bond financing in the form of a master lease to be entered into by and among Banc of America Public Capital Corp. (“BAPCC”), the West Virginia Hospital Finance Authority (the “Authority”), and HealthNet Aeromedical Services, Inc., a West Virginia nonprofit corporation, 110 Wyoming Street, Suite 101, Charleston, West Virginia 25302 (“HealthNet”), and four lease schedules in an aggregate principal amount not to exceed $36,000,000 for (i) two (2) medically configured Airbus Model H135 helicopters and related equipment and accessories (the “WVUH Helicopters”) to be operated and used by HealthNet primarily for the benefit of West Virginia University Hospitals, Inc., One Medical Center Drive, Morgantown, West Virginia 26506 and (ii) two (2) medically configured Airbus Model H135 helicopters and related equipment and accessories (the “CAMC Helicopters” and, together with the WVUH Helicopters, the “Helicopters”) to be operated and used by HealthNet primarily for the benefit of Charleston Area Medical Center, Inc., 501 Morris Street, Charleston, West Virginia 25301. Each of the lease schedules, which may be entered into at one time or from time to time, will be (i) in a principal amount not to exceed $9,000,000, which amount will include without limitation soft costs such as freight, installation and taxes together with an allocable share of the related professional fees and financing costs, and (ii) structured as a qualified 501(c)(3) bond as defined in Section 145 of the Code.
One of the WVUH Helicopters will be hangered at 660 Airport Road, Buckhannon, West Virginia 26201 and the other at 81 Airport Lane, Moundsville, West Virginia 26041. One of the CAMC Helicopters will be hangered at 917 Airport Road, Millwood, West Virginia 25262 and the other at 584 Airport Road, Lewisburg, West Virginia 24901.
The above-described plan of financing is permitted by the Authority’s enabling legislation.
The lease obligations of the Authority will be special obligations of the Authority and will not constitute a debt or a pledge of the faith and credit of the Authority or a pledge of the faith and credit or taxing power of the State of West Virginia or any political subdivision thereof. Persons wishing to express their view on the proposed plan of financing, and the nature and location of the property to be financed through the plan, may appear at the hearing or may submit their views in writing. Any written submissions should be sent to the West Virginia Hospital Finance Authority, Box 2B, Albert T. Summers Center, 1124 Smith Street, Charleston, West Virginia 25301 Attention: Chairman, and clearly marked “Re: West Virginia Hospital Finance Authority Leases (HealthNet Aeromedical Services, Inc.).” Written submissions should be mailed in sufficient time to be received before May 8, 2025.
West Virginia Hospital Finance Authority, James R. Christie, Chairman.