Miami Jewish Health receives loan

Ziegler has announced the closing of a $44 million Series 2017 Bond Issue for Miami Jewish Health.

The Florida not-for-profit corporation was founded in 1940, and Miami's affiliates provide residential and community-based services for seniors. Miami Jewish Health owns and operates a long-term and short-term care nursing facility with 438 skilled nursing beds, a 32-bed acute care hospital, a residential housing unit with independent living rental units and assisted living rental units.

Proceeds of the Series 2017 Bonds includes the ability to refund Miami Jewish Health's outstanding Series 2005 LOC backed Variable Rate Bonds and refund certain other outstanding debt of Miami Jewish Health, as well as refinance and fund capital improvements.