As the community is aware, Samaritan Healthcare is building a replacement hospital that will allow the hospital to better serve the members of the community in the future.
A portion of the cost of the replacement hospital is being supported by the $130,000,000 referendum that was passed in April 2023. Of that amount, approximately $73 million will be issued in the form of a tax-exempt Unlimited Tax General Obligation Bond on or about Tuesday, September 12, 2023. The Bonds will be issued by Public Hospital District No. 1, Grant County, Washington.
Interest income on the bonds will be exempt from federal income taxes. The Preliminary Official Statement (“POS”) describing Samaritan Healthcare and the bonds has already been distributed and can be reviewed at the following website: https://www.munios.com/munios-notice.aspx?e=SEGMF. Estimated interest rates for the proposed bonds will be available on or about Monday, September 11, 2023. There will be a minimum bond order amount of $5,000.
Our underwriter for the bonds is Raymond James and Associates, Inc. If you are interested in purchasing bonds as a Friend of Samaritan Healthcare, Steve Harman, who works at Raymond James and Associates, Inc. in Spokane will be available to answer questions at 509.503.9080.
This letter does not constitute an offer to sell nor does it seek an offer to buy the bonds mentioned above.
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