ALBANY—The Dormitory Authority of the State of New York recently announced it had closed on a $500-million bond issuance for White Plains Hospital.

The bonds will support the future development of a 10-story addition to the hospital’s existing inpatient facility, including an expansion of the emergency department, and the addition of new operating rooms and private inpatient beds, among other improvements.

DASNY President Robert J. Rodriguez said, “This financing will supplement the high quality of care currently provided to patients at White Plains Hospital, and we look forward to seeing the buildings that are receiving bond proceeds when construction is completed.”

White Plains Hospital noted the new 500,000-square-foot building, which is scheduled to open in early 2028, will offer 100% private rooms, additional state-of-the-art operating rooms, and an expanded emergency department that is more than double the size of its current ER.

The lead managers of the transaction were Bank of America Securities and Morgan Stanley, and the transaction was supported by bond counsels Hawkins Delafield & Wood LLP and Brown Hutchinson LLP, as well as Financial Advisor Kaufman Hall.