Massachusetts

Quincy Medical Center Inc. has sought bankruptcy protection as a part of a plan for Steward Health Care System LLC of Boston to take it over.

Linden Ponds Inc., operator of a retirement community in Hingham, has filed for Chapter 11 bankruptcy protection.

Northern Berkshire Healthcare Inc., unable to restructure $43 million in secured bond debt, has filed for Chapter 11 bankruptcy protection.

The Quincy Medical Center missed a $380,000 bond payment due May 31, about a month after it said it would seek a buyer.

The Massachusetts Municipal Wholesale Electric Co. took out $170 million of variable-rate debt last week, largely through a fixed-rate power supply revenue bond issue, to refinance costs related to its minority ownership of nuclear plants in Seabrook, N.H., and Waterford, Conn.

The Massachusetts Port Authority has named chief legal counsel David Mackey as interim chief executive officer and executive director while it conducts a national search to replace Thomas Kinton, who retired June 1.

The Massachusetts Port Authority on Wednesday will sell $215 million of special facilities revenue debt, including $156 million of taxable bonds, in a two-tranche offering to help finance the construction of a consolidated rental car facility at Boston’s Logan International Airport.

Massachusetts’ largest public transportation agency Tuesday will leverage future parking revenues through a newly formed nonprofit entity to pay down outstanding debt and provide near-term budget relief.

Massachusetts will sell $490 million of new-money general obligation debt Tuesday as the state looks to broaden its retail investor base.

The Massachusetts Institute of Technology last week sold $750 million of taxable bonds that mature in 100 years.

The Massachusetts Water Resources Authority will issue $150 million of senior revenue bonds this week to help finance water and sewer projects in the Boston area.

The Massachusetts Development Finance Agency this week will issue $353.4 million of tax-exempt and taxable debt on behalf of the Broad Institute Inc., a biomedical research facility, to help finance a new laboratory and building in Cambridge.

Boston Wednesday will sell $181.5 million of new-money and refunding general obligation debt via competitive bid, including $41.6 million of taxable qualified school construction bonds.

A Boston hotel project failed to make an interest payment of $297,600 on March 1 to bondholders of Series 2002 Crosstown Center Project subordinate revenue bonds.

Moody’s Investors Service downgraded $764 million of Massachusetts Bay Transportation Authority assessment bonds Thursday to Aa1 from Aaa to reflect the credit rating agency’s pool financing methodology.

Standard & Poor’s revised Massachusetts’ outlook to positive from stable Monday based on strong management practices as the state prepares $146.3 million of SIFMA-index refunding bonds.

Massachusetts Gov. Deval Patrick Wednesday released a $30.5 billion fiscal 2012 spending plan with $570 million less spending than the current fiscal year’s operating budget.

The Securities and Exchange Commission reportedly is seeking documents from the Massachusetts’ Treasury Department in reference to its relationship with Goldman, Sachs & Co.

Massachusetts estimates that it will collect $20.51 billion of tax revenue in fiscal 2012, about $740 million more than the projected revenue for fiscal 2011, as Gov. Deval Patrick Tuesday announced pension-reform initiatives.

The Massachusetts Bay Transportation Authority is considering leveraging future parking revenues through a proposed nonprofit entity to generate up to $325 million and help pay down outstanding debt.