-
A U.S. District Court judge in Chicago has dismissed the final count lodged against former Bear Stearns public finance banker P. Nicholas Hurtgen by federal prosecutors in connection with an extortion scheme involving a Chicago-area hospital seeking regulatory approval for a new hospital.
March 7 -
CHICAGO — The "national explosion of consolidation" across the health care sector differs in key ways from past trends, as providers face new, complex problems and new players have entered the game to craft merger models that include risks and benefits, Moody's Investors Service said in a report released Thursday.
March 7 -
LOS ANGELES — Downey Regional Medical Center emerged from bankruptcy protection Wednesday, marking only the third time in California history a hospital has done so without changing ownership, hospital officials said.
March 7 -
Still recovering from Gov. Pat Quinn's recent call for $2.7 billion in Medicaid cuts, not-for-profit hospitals in Illinois took a second blow when he lifted a six-month moratorium on stripping hospitals of their property tax-exemptions for failing to provide sufficient charity care.
March 6 -
The Illinois Health Facilities and Services Review Board last week approved Naperville-based Edward Hospital’s $64 million expansion plan.
March 6 -
LOS ANGELES — Officials at Downey Regional Medical Center are probably wondering if five will be their lucky number after the bankrupt Southern California hospital announced the fifth postponement of a planned bond buyback Monday in a disclosure filing.
February 29 -
Moody’s Investors Service last week downgraded Elmhurst Memorial Healthcare’s rating one notch to Baa2 due to the Illinois hospital operator’s modest operating performance for fiscal 2011 and the first half of fiscal 2012.
February 28 -
CHICAGO — The Rochester, Minn.-based Mayo Clinic plans to enter the market this spring to borrow roughly $200 million of new money for projects as part of the clinic's plans to spend $700 million annually on capital improvements over the next five years.
February 24 -
Standard & Poor’s revised its outlook to stable from negative and affirmed its BBB-plus ratings on the Massachusetts Development Finance Agency’s Series 2008 and 1998 bonds issued for the Boston Medical Center.
February 24 -
Moody’s Investors Service upgraded Heartland Regional Medical Center’s underlying rating by one notch to A1, citing strong operating profitability.
February 21 -
CHICAGO — The Illinois Finance Authority on Tuesday advanced St. Louis-based Ascension Health Alliance's plans to issue up to $600 million of new-money and refunding debt tied primarily to its recent acquisition of Alexian Brothers Health System in suburban Chicago.
February 14 -
LOS ANGELES — Hawaii legislators advanced two bills on Friday intended to help St. Francis Healthcare System of Hawaii reopen two Oahu hospitals, one of which would provide the system with $80 million in special-purpose revenue bond authority.
February 14 -
A Rhode Island Superior Court judge’s preliminary injunction preventing the state’s capital, Providence, from moving retirees who are 65 and older off the city’s health insurance plan and into Medicare is a credit-negative, said Moody’s Investors Service.
February 10 -
WASHINGTON — The Internal Revenue Service is auditing $31.59 million of Series 2004A first mortgage revenue bonds that were issued by the St. Johns County Industrial Development Authority in August 2004 to help Presbyterian Retirement Communities Inc. and its affiliates finance improvements to eight retirement centers in Florida.
February 3 -
Providence Mayor Angel Taveras warned that the Rhode Island capital will run out of money in June without a reduction in pension obligations and larger contributions from tax-exempt institutions such as Brown University.
February 3 -
Providence may appeal a Rhode Island Superior Court ruling Monday that for now stops it from switching police and fire retirees to Medicare after they turn 65.
January 31 -
The Dormitory Authority of the State of New York’s board has approved $534 million in financings for higher education and health care institutions.
January 27 -
New York Gov. Andrew Cuomo is proposing lightening the burden of Medicaid expenses on New York City and the state's counties.
January 26 -
San Francisco-based Catholic Healthcare West has changed its name to Dignity Health to appeal to a broader patient audience.
January 26 -
CHICAGO — The nonprofit health care sector's brief post-2008 recovery is about to deteriorate in the face of myriad pressures, credit analysts warned in a pair of reports Wednesday.
January 25
