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Saratoga County to refinance hospital’s debt

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Saratoga County’s new Capital Resource Corp. approved its first application Thursday, agreeing to refinance $25 million of existing debt for Saratoga Hospital. The refinancing will get the hospital a lower interest rate than it now pays and is expected to save $4.4 million over the next 21 years, according to Mike Battle, the hospital’s director of financial accounting. “It will benefit us as a whole. It’s a challenge every year to balance our budget,” he ...

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