New Jersey Health Care Facilities offers $70.34 million bonds for Marlboro hospital

By Cristal Cody

Tupelo, Miss., April 1 - New Jersey Health Care Facilities Financing Authority plans to price $70.34 million of Department of Human Services lease revenue bonds for Marlboro Psychiatric Hospital, according to a preliminary official statement.

The series 2013 bonds have serial maturities from 2014 through 2033.

The bonds will price through a competitive sale on April 9.

Acacia Financial Group, Inc. is the financial adviser.

Proceeds will be used to finance the completion of the demolition and remediation of the existing facilities at the Marlboro Psychiatric Hospital in Monmouth, N.J., and the construction of group housing.

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