Final answer:
Tax-Exempt Bonds have been the largest source of capital for the hospital industry for the last 30 years, primarily available to nonprofit facilities.
Step-by-step explanation:
The type of financing that has been the largest source of capital for the hospital industry for the last 30 years, primarily available to nonprofit facilities, is Tax-Exempt Bonds.
A bond is a financial contract where a borrower agrees to repay the borrowed amount along with an interest rate over a period of time in the future. Tax-exempt bonds are issued by various levels of government. In the case of the hospital industry, tax-exempt bonds are commonly used to finance the construction or expansion of nonprofit hospitals.
For example, a city may issue a municipal bond to finance the construction of a new hospital. Investors who buy these bonds lend money to the hospital, and in return, the investors receive interest payments from the hospital at a tax-exempt rate. This type of financing allows nonprofit facilities to access significant capital for their operations and expansions.