CHICAGO - The Wisconsin Health and Educational Facilities Authority yesterday advanced the borrowing plans of four major health care systems totaling about $800 million in new-money and refunding debt, including $450 million from Froedtert & Community Health Inc.

In addition to Froedtert, the authority approved ProHealth Care Inc.'s application to sell up to $150 million of new money and refunding debt in a fixed-rate sale; Agnesian Health Care Inc.'s $51 million variable-rate issue that will refinance auction-rate securities; and Aurora Health Care Inc.'s $160 million new-money sale using a variable-rate structure. Froedtert's deal includes $100 million of new money with the rest refinancing auction-rate securities and the debt of a recently acquired facility using a fixed-rate structure.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.