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Article: Minnesota's Essentia Health Sets $400M to Fund Acquisitions.
- Article from:
- The Bond Buyer
- Article date:
- February 11, 2008
- Author:
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CHICAGO -- Minnesota-based Essentia Health early next month will sell nearly $400 million of mostly tax-exempt new-money and refunding bonds through three separate conduits to finance the acquisition of a hospital and physicians group in North Dakota.
Various pieces of the overall deal will sell through the Wisconsin Health and Educational Facilities Authority, which approved the sale on Friday, Cass County, N.D., and the Minnesota Agricultural and Economic Development Authority.
Goldman, Sachs & Co. and Piper Jaffray & Co. are the senior managers. The deal includes about $150 million of new money, with the remainder refunding outstanding fixed-rate debt ...