Chicago, IL – FRIDAY, APRIL 17, 2020 – Ziegler, a specialty
investment bank, is pleased to announce the successful closing a $61,290,000
Series 2020 bond issue for Van Wert County Hospital Association (d/b/a Van Wert
Health) located in Van Wert, Ohio and issued through the county of Van Wert.
The proceeds of the bonds will be used to complete the construction of an
80,000 square foot expansion of its main campus adding much-needed modern
medical, surgical and labor and delivery space. The proceeds of the bonds were
also used to refinance certain existing debt of Van Wert Health.
Ziegler was
retained by Van Wert Health in the summer of 2019 to assess a unique credit
situation for the 27-bed rural healthcare provider. Ziegler’s initial
assessment led it down a focused path of finding a capital partner that could
provide affordable financing and certainty of execution. After performing a
comprehensive solicitation, Preston Hollow Capital LLC surfaced as the investor
best positioned to deliver on the goals of Van Wert Health and was able to
deliver capital on time in challenging market conditions. The limited public
offering provides 30-year committed capital for Van Wert Health.
Ziegler is a
premier investment bank to community and regional healthcare providers. For over
80 years, we have been assisting these organizations with creative, tailored
financial solutions for their capital needs. Specializing in healthcare,
Ziegler offers an array of services including investment banking, financial
risk management, merger and acquisition services, as well as capital and
strategic planning.
For more information about Ziegler, please visit us at
www.ziegler.com.
About Ziegler
Ziegler is a privately held, national boutique
investment bank, capital markets and proprietary investments firm. It has a
unique focus on healthcare, senior living and education sectors, as well as
general municipal and structured finance. Headquartered in Chicago with
regional and branch offices throughout the U.S., Ziegler provides its clients
with capital raising, strategic advisory services, fixed income sales,
underwriting and trading as well as Ziegler Credit, Surveillance and Analytics.
To learn more, visit www.ziegler.com.
Certain comments in this news release
represent forward-looking statements made pursuant to the provisions of the
Private Securities Litigation Reform Act of 1995. This client’s experience may
not be representative of the experience of other clients, nor is it indicative
of future performance or success. The forward-looking statements are subject to
a number of risks and uncertainties, in particular, the overall financial
health of the securities industry, the strength of the healthcare sector of the
U.S. economy and the municipal securities marketplace, the ability of the Company
to underwrite and distribute securities, the market value of mutual fund
portfolios and separate account portfolios advised by the Company, the volume
of sales by its retail brokers, the outcome of pending litigation, and the
ability to attract and retain qualified employees.
Media Contact:
One North Wacker Drive
Suite 2000
Chicago, IL 60606
Suite 2000
Chicago, IL 60606
Phone: 800 366 8899
Email: emarketing@ziegler.com
Website: https://www.ziegler.com/
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