SWS Hired by Central Health, Travis County’s Hospital District, to Lead $100M Bond Project

Bonds will fund clinic expansions to support healthcare expansion serving Travis County residents with low income.

Travis County, TX -- Siebert Williams Shank & Co. LLC (SWS) was selected by Central Health to market and sell $100 million in bonds to support ongoing healthcare service expansion.

Central Health, Travis County’s Hospital District, issued $100 million in bonds to support the physical and capital needs of the district as it builds a high-functioning, comprehensive safety-net healthcare system for people with low income. The bonds will support the completion of two critical clinical service locations and are part of Central Health’s Healthcare Equity Plan (Equity-focused, Service Delivery Strategic Plan) service expansion, approved by the board of managers in 2022.

“We believe hiring Siebert Williams Shank will provide the best value to Central Health and the community,” said Central Health Chief Financial Officer Jeff Knodel. “We believe in their ability to market and sell the district’s bonds in a volatile market at the best cost of issuance for the community.”

Siebert Williams Shank is one of the top-ranked women- and minority-owned investment banking firms in the nation, previously working with hospital districts in Tarrant, Bexar, and Dallas Counties.

Since its inception in 1996, Siebert Williams Shank has managed over $1.5 trillion worth of municipal bonds and has earned national recognition for its extensive senior and co-managed municipal bond underwriting expertise. In the last five years, the firm has participated in nearly 2,000 municipal financings, leading 300 of those for approximately $44 billion.

The firm’s founders include Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange, Wall Street leader and firm CEO Suzanne Shank, and Henry Cisneros, former Mayor of San Antonio, and U.S. HUD Secretary. The firm maintains offices in Austin. Dually headquartered in New York, NY, and Oakland, CA, SWS is an independent non-bank financial services firm that offers investment banking, sales and trading, research, and advisory services. SWS counts 74 Fortune 100 companies among its clients.