CHICAGO — The Illinois Finance Authority board Tuesday signed off on Advocate Health Care Network’s sale of up to $533 million of new-money and refunding bonds, and the newly merged Central DuPage Health-Delnor Health System’s $190 million direct-purchase issue.

Oak Brook, Ill.-based Advocate’s deal would raise around $200 million of new money and give the provider room to refund $325 million of debt for savings, said Dominic Nakis, chief financial officer for the state’s largest nonprofit health care system.

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