LOS ANGELES — The rise in bond issuance from the healthcare industry this year is expected to continue in 2013, with healthcare bond volume totaling an estimated $34 billion, according to Bank of America Merrill Lynch.

"Given the likely continuation of historically low rates, availability of bonds eligible to be current refunded, and the need for investment in information technology and physician acquisition to position themselves for the requirements of the healthcare reform law, we expect that hospital borrowing will continue to increase," municipal strategists wrote in a recent outlook report.

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