CHICAGO — Catholic Healthcare Partners of Ohio, one of the country's largest nonprofit health-care systems, on Wednesday will begin selling $450 million of fixed-rate debt, followed by $230 million of variable-rate debt early next month.

CHP will use proceeds from the bond sales to pay off bank credit lines used to purchase a chunk of its outstanding auction-rate securities and acquire Cincinnati-based Jewish Hospital, as well as finance construction costs of a new hospital in Springfield, Ohio.

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