CHICAGO - A hospital in financially-troubled Pontiac, Mich., has defaulted on its most recent payment due for $35.8 million of debt remaining from a 1993 bond issue.

The 366-bed North Oakland Medical Center failed to make a debt service payment owed on Jan. 15 to the bond trustee, US Bank NA. That prompted a default on the payment of $946,350 owed to bondholders on Feb. 1, according to the bond default documents.

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