$22,900,000 Commercial Paper Financing for Ambulatory Surgery of Northern Michigan

Dingeman, Dancer & Christopherson, P.L.C., provided legal counsel for the $22,900,000 commercial paper transaction with a bank from Netherlands to finance a new ambulatory surgery center in Traverse City, Michigan. The ambulatory surgery center is a joint venture between Northern Michigan Surgery Center, consisting of approximately 26 physicians, and Munson Medical Center.