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Huntington Financing Package Supports Major Regional Medical Center Electronic Medical Records Project
Date:5/12/2010

COLUMBUS and ZANESVILLE, Ohio, May 12 /PRNewswire-FirstCall/ -- Huntington Bank (Nasdaq: HBAN; www.huntington.com) has created a unique funding model to finance a $25 million electronic medical records (EMR) system installation at one of the region's largest health care providers, Zanesville-based Genesis HealthCare System. The $25 million equipment finance deal will install a clinical information system enabling Genesis to establish an EMR across its two hospitals and multiple health providers serving Southeast Ohio patients.

Genesis successfully overcame the tight national credit market for health care infrastructure with a strong track record of wise financial planning that created an attractive investment opportunity, explained Jim Dunlap, Huntington's senior executive vice president and commercial banking director. Coupled with federal stimulus money, Genesis will invest more than $40 million in its systemwide EMR integration.

"Huntington has been working with Genesis for years," Dunlap said. "When it came time for the health care system to find a financing partner, we presented an innovative solution that enables Genesis to meet an aggressive implementation timeline while eliminating market interest rate fluctuations on the debt."

The financing, whic
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SOURCE Huntington Bancshares Incorporated
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