Orange Regional Medical Center in the in the replacement of two antiquated hospitals with a new hospital (the first to be constructed in New York in over 20 years), which involved the sale of non-core real estate assets; the sale/leaseback of a large medical office building to a commercial developer; application for and receipt of approximately $50 million in state grant funds to support the development of the replacement hospital and to retire debt associated with the existing hospitals; the retirement of outstanding debt on the existing hospitals; the sale/leaseback (during construction of replacement hospital) of the two antiquated hospital facilities to two separate newly created non-profit community development corporations; and the long-term tax-exempt financing of the replacement hospital