Sarasota Memorial Health Care in Florida plans $104.29 million bonds

By Angela McDaniels

Tacoma, Wash., Aug. 4 - Sarasota County Public Hospital District in Florida plans to issue $104.285 million of series 2009A hospital revenue bonds (A1/AA-) for the Sarasota Memorial Health Care System, according to a preliminary offering statement.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are the underwriters for the negotiated sale.

The offering will have serial and terms bonds, but maturities have not yet been set.

Proceeds will be used to acquire, construct and make capital improvements to health-care facilities in the district.

The bonds will settle in August.

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