Lawrence General Hospital has received $43.5 million in tax-exempt bonds from MassDevelopment to renovate its campus.

The 189-bed community hospital in Lawrence will use bond proceeds for a multi-year plan to complete inpatient unit renovations and infrastructure upgrades. Proceeds will also finance other capital purchases of medical and monitoring equipment and information technology to support the modernization effort.

"We’re pleased to leverage this low-cost financing on behalf of Lawrence General Hospital, the largest private employer in Lawrence," MassDevelopment President and CEO Marty Jones said in a statement. "Investing in healthcare infrastructure in the commonwealth’s gateway cities is critical, and these bonds will boost the hospital’s ability to serve Merrimack Valley residents."

Lawrence General Hospital is clinically affiliated with the Floating Hospital for Children at Tufts Medical Center and Beth Israel Deaconess Medical Center.