Middleburg Heights, Ohio, to sell bonds for Southwest General Health

By Sheri Kasprzak

New York, Nov. 28 - The City of Middleburg Heights, Ohio, plans to price $63 million of series 2011 hospital facilities revenue and refunding bonds for the Southwest General Health Center project, according to a preliminary official statement.

The bonds (A2) will be sold on a negotiated basis with Ziegler Capital Markets Inc. and PNC Capital Markets LLC as the senior managers.

The maturity dates have not been set.

Proceeds will be used to construct, acquire, equip and install a new 30,000 square-foot emergency department, construct a parking garage, repurpose the existing emergency department and expand and reallocate critical care beds, as well as to refund the health center's series 1995 revenue bonds.

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