Healthcare industry

The anticipated merger of two West Coast hospital systems will not impact their AA-minus bond ratings, according to a S&P Global Ratings report.

The Illinois Finance Authority greenlighted $1.4 billion of borrowing plans at its June meeting, led by Presence Health’s preliminary plans to restructure debt as it works to stave off further credit erosion.

Ohio-based Mercy Health’s ailing collections process and the winding down of its affiliated insurance company – both of which have cut into operating profits -- drove Fitch Ratings to revise the system’s outlook to negative

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

The Federal Trade Commission plans to appeal a federal court judge’s refusal to block the merger of Illinois-based Advocate Health Care and NorthShore University Health System.

Good Shepherd Medical Center took a three-notch downgrade to B-minus on Standard & Poor’s Global Ratings scale as the East Texas hospital struggled to maintain its Medicare reimbursements.

Moody's Investors Service downgraded Mercy Health, Ohio's largest not-for-profit healthcare system, to A2 from A1

Chicago-based Presence Health received a Moody’s Investors Service downgrade that leaves it on the lowest rung of investment grade..

Mayor Bill de Blasio's plan to prop up New York City’s hospital system has inspired skepticism for relying on outside help seen as unlikely and efficiencies that nibble on margins full of red ink.

Minnesota-based HealthEast Care System lost its Fitch Ratings investment grade rating over its lack of progress in improving profitability.

Mission Regional Medical Center, in the Lower Rio Grande Valley of Texas, suffered a five-notch downgrade to B-minus from Standard & Poor's Global Ratings. The downgrade affects $26.5 million of outstanding debt.

Gov. John Bel Edwards, a Democrat, blasted a budget proposal by House Republicans to address a $600 million deficit by funding a college scholarship program at the expense of health care programs.

The nation’s largest issuer is collaborating with the New York Department of Health (DOH) to expedite reimbursements from bond proceeds for the state’s healthcare institutions.

Catholic Health Initiatives, the nation’s second-largest nonprofit healthcare system, was downgraded by Moody’s Investors Service, affecting $7.3 billion of rated debt.

Texas hospitals will continue to be reimbursed under the federal Medicaid program after the state received an extension of a waiver for 15 months, a positive credit factor for the state's nonprofit hospitals, according to ratings analysts.

Two hospital districts in the Permian Basin oil producing region of West Texas took downgrades from Moody’s Investors Service, one to speculative grade.

Missouri-based St. Luke’s Health System heads into the market with a $250 million refunding Thursday that will enhance the conservative structure of its debt portfolio.

The Mayo Clinic is returning the market Tuesday with a $200 million refunding, a follow up to its $350 million taxable new-money issue in March.

Hawaii signed a lease agreement with Kaiser Permanente in which the health system will take over three struggling Maui hospitals.

Illinois-based MercyRockford Health System is bringing a $495 million deal to lay the groundwork for both a new hospital and new identity as Mercy Health Corp.