Ziegler Closes $51.785 Million Financing For Rogers Memorial Hospital Incorporated

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Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $51,785,000 Rogers Memorial Hospital Incorporated Series 2014 Bonds issued through the Wisconsin Health and Educational Facilities Authority.

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Rogers’ management team and its medical staff have done an exemplary job growing the organization, achieving exceptional financial results and providing high quality care to those in need of highly specialized mental and behavioral health services...

Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $51,785,000 Rogers Memorial Hospital Incorporated Series 2014 Bonds issued through the Wisconsin Health and Educational Facilities Authority.

Rogers Memorial Hospital Incorporated (Rogers) is Wisconsin’s oldest unaffiliated not-for-profit behavioral health provider. Founded in 1907 by Dr. Arthur Rogers, Rogers is a leader in the mental health care field, committed to increase the accessibility of mental health care and providing innovative mental health care treatment to southeastern Wisconsin. Over the years, Rogers expanded from one hospital to a health system comprised of two inpatient hospitals, five residential facilities and four outpatient treatment centers serving patients in Wisconsin, throughout the United States and internationally. Rogers is nationally recognized for its specialized programs for treating children, teens and adults with OCD and anxiety disorders, eating disorders, depression and other mood disorders, as well as addiction.

Ziegler served as the sole manager of the $51,785,000 tax-exempt fixed-rate Series 2014 Bonds. The Series 2014 Bonds were structured as two series of bonds: $28,270,000 Series 2014A which were single tax-exempt (Federal) and $23,515,000 Series 2014B which were double tax-exempt (Federal and State of Wisconsin). The proceeds of the Series 2014 Bonds were used to refund four exiting series of bonds that were issued with bank credit support and fund the capital necessary for their strategic expansion. The Series 2014 Bond issue eliminated many capital structure risks and restructured the debt repayment to provide a level annual debt service resulting in pro-forma MADS coverage in excess of 6x. In conjunction with the financing, Ziegler assisted Rogers in achieving their first time rating of BBB+ from Standard and Poor’s. The Series 2014 Bonds had an all-in interest rate of 4.42%.

"Rogers’ management team and its medical staff have done an exemplary job growing the organization, achieving exceptional financial results and providing high quality care to those in need of highly specialized mental and behavioral health services. Ziegler is pleased to be a part of this important financing, which provides inexpensive, long-dated committed capital that will help the organization further its mission in a meaningful way,” stated John Hanley, Managing Director and Head of Healthcare Finance at Ziegler.

Ziegler is the 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 further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

For more information about Ziegler please visit us at http://www.Ziegler.com.

About Ziegler:
The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), together with its affiliates (Ziegler), is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general and structured municipal finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

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.
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Leslie Weir
Ziegler
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