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Baptist Funding.


A Little Rock-based health care venture secured a $93.42 million funding agreement Funding Agreement

Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time.

Notes:
Funding agreements are marketed to mutual fund companies and municipal reinvestments.
.

Baptist Baptist

Member of a group of Protestant Christians who hold that only adult believers should be baptized and that it must be done by immersion. During the 17th century two groups of Baptists emerged in England: General Baptists, who held that Christ's atonement applied to
 Health, led by Russ Harrington, obtained the bond financing through the North Little Rock Health Facilities Board.

The debt is secured by a 34-acre piece of the Baptist Health campus in Little Rock, office space in the Medical Towers II Building at 9501 Lile Drive and the Baptist Memorial Medical Center at Springhill campus in North Little Rock.

The properties previously were tied to a December 1996 bond issue of $77 million through the board.

Baptist purchased its North Little Rock land as part of a 157-acre tract in 1994 for $8.7 million ($1.28 per SF). The seller was The Crestwood Co.

The site of its west Little Rock hospital and office towers was assembled as·sem·ble  
v. as·sem·bled, as·sem·bling, as·sem·bles

v.tr.
1. To bring or call together into a group or whole: assembled the jury.

2.
 as part of deals totaling more than $67,500 in September and October 1970.

The sellers included M & O Co., led by James Ogilvie James Ogilvie [Ogilvy] (d. 1518) was a late medieval Scottish prelate. After the death of William Elphinstone (d. October 24, 1514), the bishopric of Aberdeen became vacant. Ogilvy was nominated for the vacancy by John Stewart, Duke of Albany. , $47,500; Alice Leigh, $16,000; Myrtle Walt, Jesse Jesse (jĕs`ē), in the Bible, the descendant of Rahab, the grandson of Boaz and Ruth, and the father of David. Referring to the restoration of the Davidic monarchy, the Book of Isaiah speaks of a shoot coming from the "stump of Jesse.  Walt, James Walt and Jean Walt Stallings, $2,000; and H.B. and Eunice Willson, $2,000.
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Article Details
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Title Annotation:Baptist Health
Author:Waldon, George
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Oct 8, 2001
Words:181
Previous Article:Pembrook Purchase.
Next Article:Boen Financing.
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