Altru Hospital asking investors to buy about $115 in bonds

GRAND FORKS, N.D. (AP) - A Grand Forks hospital is seeking investors to help keep the facility afloat.

WDAZ-TV reports (https://bit.ly/2quf51H) that Altru Health System is hoping to sell about $115 million in bonds, $40 million of which would be used to replace the clinic that was deemed a hazard earlier this year.

The nonprofit has $200 million in cash but chief financial officer Dwight Thompson says the hospital cannot stay in business if the campaign is not successful.

Investors should be able to buy bonds in about a month.

___

Information from: WDAZ-TV, https://wdaz.com