Bellin Health has announced plans to offer the public a financial investment opportunity in the form of a bond sale that will help finance the organization’s maternity department expansion and neonatal intensive care unit project.
Friends of Bellin Health and the broader community are invited to participate in the opportunity, which takes place Aug. 15. Bellin Health will offer $43 million of Wisconsin double tax-exempt bonds to the public. Pricing for the bonds will occur the same day.
Bellin’s maternity department expansion and NICU project aim to bring a state-of-the-art, unique-to-the-region facility to Bellin. Proceeds also will fund Ashwaubenon campus upgrades and information technology platform expansion. The organization says the sale offers a unique opportunity support Green Bay’s only locally owned hospital and health system.
“Community involvement and support have enabled more than 100 years of stability and sustainability at Bellin Health,” said health system President and CEO Chris Woleske. “We understand the value of community involvement and support, and we are pleased to offer this investment opportunity to the public.”
Individuals who are interested in purchasing a bond are advised to call their broker or make other arrangements well in advance of the Aug. 15 pricing and sale date. Charles Schwab, R.W. Baird and The Martzahl Group at Graystone Consulting are assisting Bellin with the sale. In addition, anyone may call Piper Jaffray’s toll-free number (800-552-0614) to place an order after they have opened a holding account. Once the bonds settle, Piper Jaffray will transfer the holdings to its brokerage account.
Bonds will be offered subject to availability. Municipal bonds are not suitable for all investors, especially those in a lower tax bracket. Bonds are subject to market fluctuation and interest rate risks and may be worth more or less than the original cost if sold prior to maturity.