Martin Memorial Medical, Fla., preps $133.15 million sale of bonds

By Sheri Kasprzak

New York, Jan. 9 - The Martin County Health Facilities Authority is expected to bring to market $133,145,000 of series 2012 hospital revenue bonds for the Martin Memorial Medical Center, according to a preliminary official statement.

The bonds (Baa1/BBB/) will be sold through senior manager Ziegler Capital Markets Inc.

The maturity dates have not been set.

Proceeds will be used to finance the construction of a new hospital located in Port St. Lucie, Fla., about 16 miles from the medical center's Stuart, Fla., campus.

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