Albert Einstein Healthcare, Pa., delays sale of $88.54 million bonds

By Cristal Cody

Tupelo, Miss., Sept. 25 - The Albert Einstein Healthcare Network postponed its planned sale of $88.54 million revenue bonds through the Pennsylvania Economic Development Financing Authority on Thursday, a source told Prospect News.

The bonds will price when the market offers better rates, the source said.

The series 2008A bonds (A3//A-) have serial maturities from 2009 through 2018.

Goldman, Sachs & Co. is the manager of the negotiated sale.

Proceeds will be used to help refund The Hospitals and Higher Education Facilities Authority of Philadelphia series 1998A revenue bonds.

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