Eastern Maine Healthcare expected to sell up to $226 million of bonds

By Sheri Kasprzak

New York, May 17 – Eastern Maine Healthcare System requested that the Maine Health and Higher Educational Facilities Authority price up to $226 million of tax-exempt bonds, according to a statement from the company.

Proceeds from the proposed deal will be made available to the Charles A. Dean Memorial Hospital, Eastern Maine Medical Center, Inland Hospital, Maine Coast Regional Health Facilities, the Aroostook Medical Center and the Blue Hill Memorial Hospital, all of which are Eastern Maine affiliates. Proceeds provided to the hospitals will be used to finance or refinance capital improvements and to refinance bank debt.

The pricing and timing of the deal are contingent upon market and other conditions.

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