Economy

West Penn Allegheny Health System countersued crosstown Pittsburgh insurer Highmark Inc. over the breakup of their proposed $475 million affiliation agreement.

Michigan's Trinity and Pennsylvania's CHE would create one of the nation's largest Catholic health care sytems spanning 21 states if their newly announced plan to merge goes ahead.

The Texas Department of Transportation will leverage a $5.6 million federal grant to conduct a study of high-speed passenger rail along the Interstate 35 corridor between Laredo, Tex., and Oklahoma City.

Insurer Highmark, which sued West Penn Allegheny Health System over their canceled $475 million agreement, announced a $65 million affiliation deal with Saint Vincent of Erie, Pa.

Indiana plans to tap a final team to partner on its half of the $2.6 billion Ohio River bridges project by mid-November and close the deal by the end of the year, officials said.

A report out this week estimates Michigan could save nearly $1 billion if it participates in the Medicaid expansion provision that is part of the new federal health care law.

Standard & Poor's last week revised its outlook to negative from stable on the Henry Ford Health System, one of Michigan's largest providers, while affirming its A rating.

Banner Health, one of the largest nonprofit hospital operators in the nation, is issuing $252 million of taxable and tax-exempt revenue bonds to expand two Phoenix-area hospitals.

Chicago will seek independent audits to assess the operational and financial management of its asset leases beginning with its controversial $1.15 billion 2009 parking meter concession contract.

Kentucky and Indiana agencies Tuesday are poised to approve the long-awaited master agreement for the financing and construction of the massive $2.6 billion Ohio River Bridges Project.

Indiana University expects to hire financial advisors to oversee the privatization of its parking system, a transaction modeled after Ohio State University's precedent-setting deal.

New York's Metropolitan Transportation Authority Chairman Joseph Lhota announced four options for fare and toll increases that he says are needed to help fill a budget gap.

With successful public-private partnerships under its belt, and more underway, Puerto Rico is leading the way in a market that has been slow to catch on in the United States.

The Los Angeles City Council voted to approve negotiations with Ontario, Calif. officials that could result in L.A./Ontario airport being returned to local control.

Officials from Highmark and West Penn Allegheny Health System spoke with an eye toward resuming talks about a $475 million affiliation agreement.

The Metropolitan Transportation Authority is selling New York City bus and subway transit MetroCards with front-facing ads for the first time.

The Delaware River Joint Toll Bridge Commission sold bridge system revenue refunding bonds after receiving positive outlooks from Moody's and Standard & Poor's.

Metropolitan Atlanta Rapid Transit Authority administrator Beverly Scott will become the new general manager of the Massachusetts Bay Transportation Authority.

Slide show of Puerto Rico Public Private Partnerships P3s

Milwaukee-based Baird has hired Jeff Fivecoat, a long-time health care banker, for its Columbus office. Fivecoat comes from Red Capital Group and before that, OhioHealth.