Providence Health & Services, Wash., to price $250 million in notes

By Sheri Kasprzak

New York, April 29 - The Providence Health & Services Obligated Group is expected to price $250 million in series 2009A direct obligation notes, according to a preliminary official statement.

Merrill Lynch & Co. Inc. is the lead manager for the bonds.

The maturities for the offering have not yet been set.

Proceeds will be used for general corporate purposes.

Based in Seattle, Providence provides services to Washington State, Montana, Oregon and California.

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