The Arizona Health Facilities Authority has approved the application of Wickenburg Community Hospital to issue its Health Care Revenue Bonds in the aggregate principal amount of $6 million. The not for profit hospital has 19 licensed beds and is designated as a Critical Access Hospital (CAH).

The applicant proposes to use the funds to finance the remodel of the main hospital and to relocate and expand the physical therapy and wellness programs onto the main campus. Funds will also be used to purchase replacement equipment and address various building code compliance issues.

The fixed rate, 30 year maturity bonds will be non-rated and sold to accredited investors.

Institution Type:
Hospital

Bond Issue Date:
5/1/2005

Amount Financed:
5 Million - 10 Million

Interest Rate:
Fixed

Bond Denomination:
100,000

Request Official Statement

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