Baptist Health has been on a strong growth and financial performance path for many years. The System has greatly expanded its delivery network to meet the growing needs of the Jacksonville area markets.
Chicago, IL (PRWEB) July 10, 2015
Ziegler, a specialty investment bank, is pleased to announce its role, serving as the financial advisor for Baptist Health System (Jacksonville, Florida) on the issuance of $250,000,000 taxable Series 2015 Bonds.
Baptist Health System (Baptist) is the largest health system in northeast Florida with over $1.3 billion of revenues, providing comprehensive healthcare services to the residents of Baker, Clay, Duval, Nassau and St. Johns counties in Florida. Baptist owns and operates five hospitals, including the only pediatric hospital in northeast Florida and southeast Georgia, and has an extensive network of clinics, including more than 45 primary care offices. Baptist is rated AA- from S&P.
In 2014, Baptist engaged Ziegler to complete a Z-CURE engagement, which included enterprise risk assessment and development of capital guide paths. The Z-CURE engagement identified an opportunity to take advantage of the current market environment as Baptist transitions into metrics driven balance sheet management. Baptist engaged Ziegler to continue our work as they seek to borrow taxable debt. The 2015 Taxable Bonds were issued with a 30-year bullet maturity and were priced at 185 bps over the Treasury benchmark.
Don Carlson, Vice Chairman at Ziegler, commented, “Baptist Health has been on a strong growth and financial performance path for many years. The System has greatly expanded its delivery network to meet the growing needs of the Jacksonville area markets.”
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 http://www.Ziegler.com.
The Ziegler Companies, Inc., together with its affiliates (Ziegler), is a privately held, 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 municipal and structured 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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