Children's Hospital of Akron, Ohio, organizes $95.46 million bond sale

By Sheri Kasprzak

New York, April 24 - The Akron, Bath and Copley Joint Township Hospital District of Ohio plans to price $95,455,000 of series 2012 hospital improvement and refunding revenue bonds for the Children's Hospital Medical Center of Akron, according to a preliminary official statement.

The bonds (A1//A+) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager.

The maturity dates were not available Tuesday.

Proceeds will be used to finance the construction, equipment and acquisition of a new parking garage at the Children's Hospital campus in Akron, as well as to refund the district's series 2001 bonds.

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