ZGCO Ziegler Companies Inc (CE)

Ziegler, a specialty investment bank, is pleased to announce the successful closing of a $63,045,000 tax-exempt, fixed-rate financing for Southwest General Health Center (Southwest General). Southwest General Health Center is a non-profit 358-registered bed acute care hospital facility located in Middleburg Heights, Ohio. At the time of issuance, the securities were rated 'A2' by Moody's.

Founded in 1920 by the citizens of the surrounding communities, Southwest General has a rich history of community partnership and a deep commitment to providing a healthy future for the patients, families and communities it serves. As stated by Moody's, the 'A2' rating "reflects Southwest's leading market position, continued strong and improved operating performance through nine months of FY2011 despite low revenue growth, and maintenance of a strong balance sheet."

Ziegler served as the lead underwriter of the tax-exempt fixed-rate Series 2011 Bonds. Maturing in 2041, the Series 2011 Bonds were issued with both new money and refunding components. With an average coupon of 5.19%, the Series 2011 Bonds were priced at a coupon of 5.25% and a yield of 5.32% with a spread of 1.56% to MMD in 2041. The investor interest in the transaction was abundant with bonds being placed with 20 different institutional accounts and over $7.6 million being placed with several retail accounts. Proceeds of the sale of the Series 2011 Bonds will be used to fund a portion of the cost of the project, current refund the $21.23 million Series 1995 Bonds and pay for the costs of issuance. The project consists of the construction of a new 30,000 square foot emergency department, the expansion and reallocation of critical care beds, repurposing of the existing emergency department and the construction of a 300-car patient/visitor parking garage.

For over 80 years, Ziegler has been assisting hospitals and healthcare organizations with creative, tailored financial solutions for their capital needs. Ziegler offers its healthcare clientele an array of services including investment banking, financial risk management, merger and acquisition services as well as capital and strategic planning. Scott Winter, Managing Director at Ziegler, states, "I am particularly satisfied with the outcome of this financing for such an important client. In a period of tremendous volatility, industry uncertainty, and evolving financial products, I am pleased that Ziegler was able to obtain attractive long-term interest rates and favorable security provisions in a risk-mitigating structure."

For further information on the structure and use of this issue, please see the Official Statement located on the Electronic Municipal Market Access system's Document Archive.

For more information about Ziegler, please visit us at www.Ziegler.com.

About Ziegler:

The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

This communication does not constitute an offer to buy these securities. The offering is made only by the Official Statement and through an appropriately registered representative. The Series 2011 Bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held, and, if sold prior to maturity, the yield received may be more or less than the yield calculated at the time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.

The corporation or its officers, directors, stockholders, or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your Financial Advisor before deciding whether to invest in these securities.

Christine McCarty 312 596 1617 Email Contact