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Abington Memorial Hospital, Pa., plans $148.19 million revenue bonds
By Sheri Kasprzak
New York, Oct. 2 - The Montgomery County Higher Education and Health Authority of Pennsylvania is expected to sell $148.19 million in series 2009 hospital revenue bonds for the Abington Memorial Hospital Obligated Group, according to a preliminary official statement.
The bonds (/A/A) will be sold on a negotiated basis with Goldman, Sachs & Co. and Wells Fargo Securities Inc. as the senior managers.
The bonds are due 2011 to 2019 with term bonds due 2024, 2029 and 2033.
Proceeds will be used to fund improvements to Abington Memorial's hospital facilities.
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