Healthcare industry

A Northern California healthcare district that closed its only hospital with $57 million of certificates of participation outstanding is sorting out its obligations in bankruptcy court.

After R.J. Reynolds sold four cigarette brands to ITG Brands, Florida Attorney General Pam Bondi sued the companies saying they have refused to comply with terms of the state’s 1997 tobacco settlement deal.

Moody’s Investors Service late Friday revised its outlook to stable from negative on the Catholic Archdiocese of Chicago.

The California Public Finance Authority will price $110 million in revenue bonds next week for Henry Mayo Newhall Hospital in Valencia, Calif. in the hospital’s first public market offering without the benefit of bond insurance in more than a decade.

A five-year-old Illinois law that safeguards not-for-profit hospitals’ local tax exemptions in exchange for meeting minimum charity and community care standards is before the Illinois Supreme Court.

Analysts affirmed the stable outlook for the healthcare sector, while acknowledging that repeal of the Affordable Care Act could change the landscape.

Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program.

Municipal market participants and others need not panic over the Republican threats to repeal the Affordable Care Act because health care plans are locked in under the ACA until at least 2019, a key member of President-elect Trump’s transition team said Thursday.

The harmful effects of a repeal of the federal Affordable Care Act without a replacement package to soften the blow would extend beyond hospitals to lllinois' economy, according to the state hospital association.

Michigan-based Trinity Health Credit Group will take some unpleasant rating news into its pricing of $340 million of new-money and refunding bonds, after a downgrade that still leaves the system at the AA-minus level.