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Ray and his team served as underwriter’s counsel to Morgan Stanley & Co. LLC in one of the largest and most complex higher education mergers in history. This landmark transaction won
The Bond Buyer’s
“2013 Healthcare Deal of the Year,” and involved a tax-exempt and taxable bond issue by Rutgers, The State University of New Jersey, and coterminous bond issues by Rowan University and University Hospital. The bonds were issued in furtherance of the New Jersey Medical and Health Sciences Restructuring Act, which provided for the historic merger of certain schools, institutes and centers of the University of Medicine and Dentistry of New Jersey into Rutgers and Rowan and the creation of the University Hospital as its own separate legal entity.
related team members
Jennifer Capasso Mendonca
Sarah E. O'Dea
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