TITLE

Lehigh Valley Health Network in Pa. Will Issue $61 Million

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/2/2003, Vol. 344 Issue 31627, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Lehigh Valley Health (LVH) Network of Pennsylvania will issue 61.24 million dollars in hospital revenue bonds on May 7, 2003 to fund construction and renovation at its LVH-Muhlenberg campus in Bethlehem, Pennsylvania. The Series 2003A bonds will be priced at a fixed rate and will mature between 2030 and 2033. They will be sold competitively through the Lehigh County General Purpose Authority. Shattuck Hammond Partners Inc. will serve as financial adviser on the deal. Lehigh Valley's sale will come days after the Pennsylvania Health Care Cost Containment Council released a report on the financial data of hospitals statewide that found that continued cuts in hospital reimbursement may threaten access to patient care.
ACCESSION #
9740739

 

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