Healthcare industry

The Dormitory Authority of the State of New York on Wednesday is scheduled to refund $122 million of Memorial Sloan-Kettering Cancer Center fixed-rate, tax-exempt revenue bonds, 2003 Series 1.

Minnesota’s not-for-profit hospitals provided 27% more charity care in 2010 than in 2009, according to the community benefits report released last week by the Minnesota Hospital Association.

Moody’s Investors Service last week upgraded to Baa2 from Baa3 its rating on Ball Memorial Hospital, affecting $101 million of bonds.

CHICAGO – Even with added revenue from last year's income tax hike, Illinois entered the new year with an estimated $8.5 billion in unpaid bills and pending Medicaid vouchers, employee health insurance payments, and other obligations.

CHICAGO — After more than a year of waiting out the market, Wisconsin's largest health care provider, Aurora Health Care Inc., this week will complete refunding plans put on hold amid rising rates in 2010 with the sale of nearly $400 million of fixed-and floating-rate bonds.

CHICAGO – Illinois nonprofit hospitals say they provided $4.6 billion in charity care and community benefits in 2010, a number that has risen 26% in five years and is at the center of a debate that could lead to a legislative mandate on uncompensated services hospitals must provide to retain their tax-exempt perks.

Connecticut and Jackson Laboratory finalized their agreement for the Bar Harbor, Maine, company to build a $1.1 billion personalized-medicine laboratory at the University of Connecticut Health Center in Farmington.

Seattle-based Perkins Coie LLP has hired a trio of public finance attorneys who will work out of the firm's Chicago office to help expand its health care business.

Moody’s Investors Service has upgraded Bellin Memorial Hospital one notch to A2 in recognition of its favorable operating performance.

Standard & Poor’s has raised the rating on the West Plains Industrial Development Authority’s revenue bonds issued for the Ozarks Medical Center to BB-minus, three notches below investment grade, from B-plus.

Children’s Memorial Hospital’s plans to build a heliport on the roof of its partially bond-financed hospital under construction in downtown Chicago is being challenged by a community group.

The nation's largest nonprofit health care provider has extended its reach into the Chicago-area market with the acquisition of a suburban hospital chain.

The rating on $481.6 million of general obligation bonds issued by Palomar Pomerado Health was dropped one notch to A-plus on Dec. 23.

Michigan-based Trinity Health, one of the nation's largest Catholic health care systems, will invest up to $150 million over the next five years as part of its acquisition of Mercy Health System if the deal is approved by an Illinois review board.

The Internal Revenue Service is auditing $800 million of hospital revenue bonds that were issued by the South Miami, Fla., Health Facilities Authority in May 2007 to finance projects for affiliates of Baptist Health South Florida and to refund previously issued bonds.

Moody’s Investors Service last week downgraded to A3 from A2 the Metrohealth System in Ohio and revised the outlook to negative from stable.

Standard & Poor’s has revised its outlook on Hannibal Regional Hospital’s BBB-plus rating to negative from stable as the Missouri facility struggles with declining admissions.

The Internal Revenue Service is auditing $177.2 million of Series 2005I long-term adjustable-rate hospital revenue bonds issued by the Highlands County, Fla., Health Facilities Authority for the Adventist Health System/Sunbelt Group.

Moody's Investors Service has lowered its rating to Baa3 from Baa2 on Anderson Hospital due to its weakened financial performance. The action affects $33.9 million of rated debt sold through the Southwestern Illinois Development Authority.

U.S. Bank NA notified the market that it was sued by Fiddler's Creek Community Development District 2 in South Florida.