Case Studies - The Hospitals & Higher Education Facilities Authority of Philadelphia
Here are just a few of the institutions we’ve worked with over the past 35 years:
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Albert Einstein Healthcare Network
Founded in 1866, the Albert Einstein Medical Center delivers healthcare services from primary care to specialized care and rehabilitation to Philadelphia area residents and beyond. Albert Einstein Medical Center has evolved into a private, nonprofit healthcare system network, which has approximately 6,000 employees. Albert Einstein Medical Center first issued a note through the Authority in 1976.
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Chestnut Hill College
Chestnut Hill College, the only Catholic women’s college in Philadelphia, is one of 27 such institutions in the nation. It was founded in 1924 by the Sisters of Saint Joseph as a place to prepare women for a successful and rewarding life in the professions. The College issued bonds through the Authority in 1999.
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Chestnut Hill HealthCare
Founded in 1904, Chestnut Hill HealthCare is located in the Chestnut Hill section of Philadelphia. A teaching hospital, Chestnut Hill HealthCare provides comprehensive services to a broad population. The Medical Center is affiliated with the University of Pennsylvania Healthcare System. The Hospital first issued a note through the Authority in 1978.
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Children’s Hospital of Philadelphia
America’s First Hospital Devoted to Providing Medical Care for Children
Founded in 1855, Children’s Hospital of Philadelphia is one of the leading pediatric medical centers in the United States. Children’s is renowned for its excellence in clinical services, teaching and research. Children’s Hospital has issued bonds through the Authority for a decade, beginning in July 1988.
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Community College of Philadelphia
Founded in 1965 under sponsorship by the City of Philadelphia, Community College offers more than 60 degrees and certificate programs to more than 45,000 full-time, part-time and non-credit students. These programs are offered at the main campus located on 14 acres just north of Center City Philadelphia and at three regional centers. Community College first issued bonds through the Authority in 1994.
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Frankford Hospital
Founded in 1903, Frankford Hospital has two campuses, located in the Frankford and Torresdale sections of Philadelphia. It has two medical plazas. Frankford Hospital’s need for capital in 1974 was the catalyst for the founding of the Philadelphia Hospitals Authority.
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Friends Hospital
America’s First, Not-for-Profit, Private Psychiatric Hospital
The hospital was founded in 1813 by members of the Religious Society of Friends (Quakers). Located on a scenic 102-acre campus, Friends Hospital was the first institution to issue bonds through the Authority on September 2, 1975.
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Jeanes Hospital
Jeanes Hospital, founded in 1928, is a general, short-term, acute-care facility. It is a member of the Temple University Health System. Jeanes Hospital provides general healthcare service to the surrounding communities of Northeast Philadelphia and Cheltenham and Abington Townships. Jeanes first issued bonds through the Authority in 1993.
Groundbreaking for Jeanes Hospital New Patient Care Center in 1990. Pictured from left to right: Susan M. Hansen, F. Preston Buckman, Councilman Thatcher Longstreth, Diane Allen, Edward J, Armstrong
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Pennsylvania Hospital
The Nation’s First Hospital
Founded in 1751, Pennsylvania Hospital is located in the historic section of Center City Philadelphia. As the nation’s oldest acute-care hospital, it has maintained its outstanding reputation for 248 years. Pennsylvania Hospital serves the residents of Philadelphia and the seven surrounding Pennsylvania and New Jersey counties. The hospital began issuing bonds through the Authority in 1982.
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Philadelphia Protestant Home
Founded in 1859, the Protestant Home is one of the oldest in the nation. It is located in the Lawndale section of Philadelphia and it provides continuing care in a retirement community. The residents live in independent units and receive progressive acute healthcare and related services as appropriate. The Philadelphia Protestant Home first issued bonds through the Authority in 1991.
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Roxborough Memorial Hospital
Roxborough Memorial Hospital began as a seven-bed facility in 1890. It has grown to a full-service healthcare organization that provides a “Community of Caring” to the residents of the Roxborough area. The Hospital’s Nursing School is one of the oldest hospital-based schools in Pennsylvania. The Hospital first issued bonds through the Authority in 1987.
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Special People in Northeast, Inc.
SPIN, A Gathering Place for Everyday People
A strategic partnership between Special People in Northeast, Inc. and the Hospitals and Higher Education Facilities Authority, formed in 1996. This strategic partnership created the unique opportunity to make a vision a reality. The Norcom Community Center is established as a resource for people with disabilities as well as those without. Today, the reality is an integrated center, a gathering place for the whole community.
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Thomas Jefferson University Hospital
Founded in 1824, Thomas Jefferson University Hospital is a teaching hospital within the Jefferson Health System. The Hospital is located in Center City Philadelphia and provides inpatient, outpatient and emergency care services to all residents of the Greater Philadelphia region. Thomas Jefferson University Hospital first issued bonds through the Authority in November 1975, thereby becoming one of the first three hospitals to ever use the services of the Authority.
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Temple University Health System
Founded in 1892, Temple University Hospital is a medical school hospital with the Temple University Health System, Inc., a nonprofit corporation of Temple University. Temple University Hospital provides comprehensive services to the Philadelphia metropolitan area and surrounding counties. Temple first issued bonds through the Authority in 1982.