North Carolina Medical Care to sell $60.25 million revenue bonds for Moses Cone Health System

By Sheri Kasprzak

New York, Jan. 28 - The North Carolina Medical Care Commission is expected to price $60.25 million of series 2011A revenue refunding bonds for the Moses Cone Health System, according to a preliminary official statement. Pricing is expected during the week of Feb. 7.

The bonds (/AA/AA) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager. The co-managers are BB&T Capital Markets, Bank of America Merrill Lynch, Edward Jones & Co. and Wells Fargo Securities LLC.

The bonds are due 2013 to 2023.

Proceeds will be used to refund the health care system's series 1993 bonds.

Located in Raleigh, N.C., the commission acts as a regulatory agency for the state's health care systems.

Based in Greensboro, N.C., Moses Cone Health operates acute care hospitals.

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