North Oaks Health System, La., set to sell $99 million revenue bonds

By Sheri Kasprzak

New York, Sept. 22 - The Hospital District No. 1 of Tangipahoa Parish in Louisiana is set to price $99 million in series 2009A taxable hospital revenue bonds for North Oaks Health System, according to a preliminary official statement.

The bonds (Aa2/AAA/) will be sold through senior manager Morgan Keegan & Co. Inc.

The bonds are due Feb. 1, 2042.

Proceeds will be used to construct, equip and acquire a new 231,281 square-foot hospital wing at the North Oaks Medical Center in Hammond, La.

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