Utah County, Utah, preps $223 million of revenue bonds for IHC Health

By Sheri Kasprzak

New York, Oct. 10 - Utah County, Utah, is expected to come to market with $223 million of series 2012 hospital revenue bonds for the IHC Health Services, Inc., according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Wells Fargo Securities LLC as the lead managers.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip and improve new and existing facilities operated by IHC.

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