DLA Piper represented Loma Linda University Medical Center and its affiliates (LLUH) in a tax-exempt bond-financing transaction totaling $947.6 million. The bond proceeds will go toward refinancing some of the LLUH’s debt and new construction at its facilities in Southern California.

Together with state grant money and philanthropic gifts, the new construction will replace LLUH’s adult inpatient tower and expand certain children’s hospital facilities. The transaction was completed under a tight deadline as the current adult inpatient tower faces closure due to California law mandating seismic safety standards.

LLUH admits more than 33,000 inpatients annually, and serves about a half-million outpatients. It is the only level one regional trauma center for Inyo, Mono, Riverside, and San Bernardino counties. Its children’s hospital has a level four neonatal intensive care unit, which is one of the largest and most advanced neonatal care centers globally.

The DLA Piper team was led by partners Kristin Franceschi (Baltimore), Joe Delaney (San Diego) and Craig Tighe (Silicon Valley), and associates Jennifer Dinsmore and Sarah Ritter (both of Baltimore).