CHICAGO – The Illinois Finance Authority advanced borrowings planned by Presence Health and several other elementary and higher education institutions totaling more than $400 million this week.

Presence Health received final approval for its plans to privately place up to $215 million of bonds in a deal that restructures outstanding debt of the two Chicago-area systems that joined in 2011 to form the new system. The two former systems were Chicago-based Resurrection Health Care and Mokena-based Provena Health.

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