Kalamazoo Hospital Finance, Mich., plans $102 million of revenue bonds for Bronson Health Care

By Sheri Kasprzak

New York, Oct. 17 - The Kalamazoo Hospital Finance Authority of Michigan is expected to price $102 million of series 2011 hospital revenue bonds (A2) for the Bronson Health Care Group, according to a preliminary official statement.

The offering includes $23 million of series 2011A tax-exempt bonds and $79 million of series 2011B taxable bonds.

Ziegler Capital Markets is the senior manager for the offering.

The maturities have not been set.

Proceeds will be used to finance the acquisition of certain assets and the construction of a hospice residence in Battle Creek, Mich., and a nursing home facility in Antwerp, Mich., to be operated by Bronson Health.

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