Northampton County Authority to price $175 million bonds for Saint Luke's Hospital

By Cristal Cody

Springdale, Ark., May 23 - The Northampton County General Purpose Authority in Pennsylvania plans to price $175 million revenue bonds for Saint Luke's Hospital, according to a preliminary official statement.

The series 2008A bonds (Baa1//) will be sold in a negotiated sale managed by Merrill Lynch & Co. and Wachovia Bank, N.A.

Proceeds will be used for the construction of a new medical campus, renovations and projects at the hospital's Allentown and Bethlehem facilities, and the costs to acquire Union Station Plaza health and wellness center and 280 acres in Bethlehem Township in Northampton County.

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