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Article: Banner Health System $325 Million Bond Sale to Pay for Good Samaritan Expansion and Banner Estrella Construction.
- Article from:
- PR Newswire
- Article date:
- January 9, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX -- PHOENIX, Jan. 9 /PRNewswire/ -- Banner Health System today announced the successful sale of $325 million of hospital revenue bonds to fund the massive on-going expansion of Good Samaritan Regional Medical Center in Phoenix and the construction of a new hospital in the West Valley. The bonds have an underlying rating of Aa3 with Moody's Investors Service and AA- with Standard & Poor's and Fitch Ratings.
Among other things, the $325 million bond sale, completed Dec. 12, will contribute $155 million towards the construction of Banner Estrella Medical Center, a new 164-bed hospital to be constructed on 50 acres on the southeast corner of the Loop 101 ...