Asante Health, Ore., to bring $175 million revenue bonds Jan. 25 week

By Sheri Kasprzak

New York, Jan. 25 - The Hospital Facilities Authority of the City of Medford, Ore., is expected to sell $175 million in series 2010 hospital revenue refunding bonds for Asante Health System, according to a preliminary official statement. The bonds will be sold during the week of Jan. 25.

The bonds (/AAA/) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc., Edward Jones & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.

The bonds are due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2040.

Proceeds will be used to refund the system's series 2008 bonds, as well as to reimburse the system for construction and renovation projects.

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