Boston – MassDevelopment has issued a $30 million tax-exempt bond on behalf of Hallmark Health System, Inc., a community-based nonprofit health care system that serves Boston’s northern suburbs. The organization will buy and install medical, surgical, patient monitoring, and computer equipment, as well as other furnishings and fixtures; build, renovate, and improve its facilities; and replace equipment such as boilers, fire alarm system devices, the chiller, and the fire pump. Siemens Public, Inc. purchased the bond. MassDevelopment also has provided two loans totaling $330,000 to DFWC Realty, to acquire and renovate the former American Red Cross building at 176 Jackson Road in Devens.
