Orange Regional Medical Center, N.Y., to price $264.28 million revenue bonds

By Cristal Cody

Springdale, Ark., April 8 - Orange Regional Medical Center expects to price $264.28 million of revenue bonds on April 21, a source reported Tuesday.

The series 2008 bonds will price through the Dormitory Authority of the State of New York.

The bonds have maturities from 2011 to 2015 and term bonds due 2021, 2029 and 2037.

Merrill Lynch & Co. is the senior manager, and co-managers are J.P. Morgan Securities Inc. and Morgan Stanley.

Proceeds will be used to construct a 374-bed replacement hospital in Wallkill, N.Y.

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