WASHINGTON — The Internal Revenue Service has revoked the tax-exempt status of American Health Foundation Inc., raising questions about the tax-exemption of $28.96 million of refunding and revenue bonds that issuers in five states sold for three of its subordinate entities.

Dublin, Ohio-based AHF disclosed the IRS action and concerns in five identical notices posted for each set of bonds on the Municipal Securities Rulemaking Board’s online EMMA system.

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