Washington Health Care to price $56.335 million bonds for Kadlec Regional Medical Center

By Sheri Kasprzak

New York, Oct. 15 - The Washington Health Care Facilities Authority is expected to bring to market $56.335 million in series 2010 revenue bonds for Kadlec Regional Medical Center, according to a preliminary official statement.

The bonds (Baa2) will be sold on a negotiated basis with Piper Jaffray & Co. Inc. as the senior manager.

The bonds are due 2011 to 2020 with term bonds due 2025, 2030, 2033 and 2039.

Proceeds will be used to repay prior loans issued by the medical center and to finance or reimburse the medical center for the construction, equipment, acquisition and improvement of existing medical center facilities.

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