Doctors Community Hospital, Md., to sell $59.17 million hospital revenue bonds next week

By Sheri Kasprzak

New York, May 14 - The Doctors Community Hospital in Maryland plans to price $59.17 million in series 2008 hospital revenue bonds during the week of May 19, said a source at the issuer.

The bonds (Baa2//) will be sold through the Maryland Health & Higher Educational Facilities Authority. The bonds are variable-rate demand bonds.

UBS Securities is the senior manager for the negotiated sale.

Proceeds will be used to finance the majority of a planned private bed six-story patient tower and other capital expenses.

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