Healthcare industry

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.

Moody's Investors Service upgraded Citrus Valley Health Partners, Calif.'s underlying revenue bond ratings to Baa3.

Moody's revised its outlook on the nonprofit health care sector to stable from negative, where it has been since 2008, citing significant gains in several key areas.

Diane Stanton began work Monday as executive director of the California Health Facilities Financing Authority, a conduit issuer for the state's non-profit hospitals, according to the treasurer's office.

Multiple factors are pressuring Puerto Rico's nonprofit universities and hospitals, Standard & Poor's said Thursday.

Puerto Rico's ongoing fiscal struggles could have negative credit implications for some health care providers on the island.

The Chapter 11 bankruptcy filing of Clayton County, Ga.'s only hospital is a favorable credit factor for the county, according to Moody's Investors Service.

Moody's Investors Service has revised its outlook on Wisconsin-based Mercy Alliance's A2 rating to negative from stable due to execution risks with the system's January merger with Rockford Health System.

Standard & Poor's announced Friday that it is withdrawing its rating on Palm Drive Health Care District, Calif. after repeated attempts to get necessary information from the issuer failed.

The Illinois Finance Authority advanced plans for nearly $1 billion in borrowing on behalf of not-for-profit schools and hospitals led by the University of Chicago.

Fitch Ratings said 2014 hospital medians showed surprisingly strong results, while capital spending in the sector hit the lowest point in six years.

Continuing patient losses and a 2014 Department of Justice settlement factored into Moody's two-notch downgrade for King's Daughters Medical Center in Kentucky.

Standard & Poor's placed Palm Drive Health Care District, Calif.'s revenue debt on negative watch due to lack of timely information.

Moody’s Investors Service upgrade Dayton, Ohio-based Kettering Health, saying the eight-hospital system has seen a strong financial performance in the last two years.

Washington state will be among the biggest beneficiaries of Medicaid changes under the Affordable Care Act, according to a new report from Fitch Ratings

The Illinois Finance Authority is rolling out a new financing program to help smaller hospitals purchase equipment and meet federal healthcare record-keeping mandates.

Standard & Poor's says Children’s Hospitals and Clinics of Minnesota could win an upgrade if its operations remain on the upswing.

Moody’s Investors Service has raised Minneapolis-based Fairview Health Services’ rating by one level to A2 ahead of its upcoming revenue bond sale for $120 million.

The Daughters of Charity Health System has reached an agreement with a private investment firm that will invest $250 million in the ailing California hospital nonprofit.

Tampa General Hospital in west-central Florida has been upgraded to A from A-minus by Fitch Ratings due to a "significant strengthening of liquidity metrics."