Alachua County Health, Fla., to price $71.52 million of health bonds

By Sheri Kasprzak

New York, Feb. 3 - The Alachua County Health Facilities Authority of Florida plans to price $71,515,000 of series 2014 health facilities revenue bonds for the East Ridge Retirement Village Inc., according to a preliminary official statement.

The bonds (//BB) will be sold on a negotiated basis with Ziegler Capital Inc. as the senior manager.

The maturities have not been set.

Proceeds will be used to finance capital improvements at East Ridge Retirement Village's East Ridge at Cutler Bay facility in Cutler Bay, Fla., including 90 new assisted living units, 31 new memory support units and 74 new skilled nursing beds to replace existing facilities.

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