Funding will allow local high-quality care to continue and address long-term debt
Anniston, AL (October 4, 2024) – The Health Care Authority of the City of Anniston (RMC) is
pleased to announce the approval of a new loan issued by Greystone Funding Company, LLC
and fully insured by the Department of Housing and Urban Development (HUD) under a special
hospital financing program. This loan will enable RMC to address existing long-term debt.
“This is a significant milestone for RMC and our entire community,” said RMC Board Chairman
Hinton “Bud” Owsley. “We are confident that with this support, we will be able to keep highquality care local and ultimately better serve the healthcare needs of our region now and in the
future.”
The loan approval is the result of a rigorous process that included leadership meetings in
Washington, DC, and Anniston, as well as extensive evaluations by HUD. The decision
underscores the importance of healthcare in Northeast Alabama and demonstrates the bright
future ahead for the region.
“We are proud to be one of only a few hospitals in the nation selected for this unique
opportunity,” said Louis Bass, CEO of RMC. “It’s a testament to the strength and resilience of
our community – and the collaboration of all involved. We are deeply grateful for the support of
the Community Foundation of Northeast Alabama, the City of Anniston, our dedicated Board,
and our partners at Greystone and HUD. It would not have been possible without them.”
RMC intends to apply for a second loan through the HUD program that will address capital
equipment needs. RMC is excited about the progress to date and confident about the next steps
in the process.
“This achievement marks the beginning of a new chapter for RMC,” Bass added. “We are proud
of what we’ve accomplished together and even more excited for what lies ahead. Our team, our
community, and our partners are what make us who we are.”
About The Health Care Authority of the City of Anniston
The Health Care Authority of the City of Anniston (RMC) is the premier regional healthcare
provider for a five-county service area in northeast Alabama. With a total of 463 inpatient beds
located at its Northeast Alabama Regional Medical Center and Stringfellow Campus, and
numerous outpatient facilities, urgent care and specialty clinics, RMC is the region’s leading
provider of choice. More than 1,900 employees, 300 volunteers and over 200 physicians, who
represent a full range of medical specialties – including cardiac, women’s, orthopedics,
oncology and emergency services – provide state-of-the-art healthcare to patients with integrity,
skill and compassion. Learn more at www.rmccares.org.