Partners Healthcare, Mass., to bid on $45 million auction-rate bonds

By Marisa Wong

Madison, Wis., Aug. 5 - Partners Healthcare System, Inc. said that it intends to submit bids on $15 million of the $75 million of series 2005F-1 and $30 million of the $75 million of series 2007G-2 auction-rate revenue bonds issued through the Massachusetts Health and Educational Facilities Authority.

The bids for the series F-1 and series G-2 bonds will be made at a rate no less than Sifma during auctions that will take place on Aug. 9 and Aug. 10, respectively.

In the most recent auction for the series F-1 bonds on Aug. 2, $14.865 million of the bonds was auctioned with bids totaling $90.165 million. In the last auction for the series G-2 bonds on Aug. 3, $1.7 million of the bonds was auctioned and bids were received for $76.7 million.

Boston-based Partners operates six acute-care hospitals and four specialty hospitals. The authority is also based in Boston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.