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Doctors Community Hospital, Md., to sell $59.17 million hospital revenue bonds next week
By Sheri Kasprzak
New York, May 14 - The Doctors Community Hospital in Maryland plans to price $59.17 million in series 2008 hospital revenue bonds during the week of May 19, said a source at the issuer.
The bonds (Baa2//) will be sold through the Maryland Health & Higher Educational Facilities Authority. The bonds are variable-rate demand bonds.
UBS Securities is the senior manager for the negotiated sale.
Proceeds will be used to finance the majority of a planned private bed six-story patient tower and other capital expenses.
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