Client Transactions

Melio & Company advised Lakewood Hospital on the issuance of $4.8 million of Series 2013 Taxable Direct Purchase Hospital Revenue Bonds.

Lakewood Hospital logo

In October 2013, Lakewood Hospital issued $4,800,000 of the Series 2013 taxable direct purchase hospital revenue bonds. Through a competitive RFP process, Lakewood Hospital was able to achieve the most favorable terms and lowest cost by selecting The Huntington National Bank as the direct purchaser of the bonds.

The proceeds of the sale of the Series 2013 Bonds will be used to refinance the Series 2003 Bonds and pay certain costs of issuing the Bonds and for refunding the Series 2003 Bonds.