Healthcare industry

A repeal of the Affordable Care Act would hamper New Jersey finances, according to state lawmakers fighting to save the landmark national healthcare program.

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.

Full repeal of the Affordable Care Act may cut hospital revenue by close to $400 billion over the next 10 years, putting pressure on healthcare bond ratings and state and local budgets.

Provident Resources Group Inc., a national nonprofit, plans to issue up to $400 million of bonds to rescue a distressed commercial proton beam therapy cancer treatment venture in Atlanta.

MultiCare Health System, a not-for-profit health system based in Tacoma, Wash., has reached a deal to purchase the for-profit Rockwood Health System for $425 million and will finance a large portion of it with bonds.

Akron, Ohio-based Summa Health plans to price a $345 million deal this week that includes a refunding, conversion of variable rate debt to fixed rate, and new money to partially fund the health system’s expansion.

MetroHealth in Cuyahoga County, Ohio is eyeing more than $1 billion of borrowing to finance a plan to transform its current campus.

A Michigan House committee will resume hearings on a plan to limit retirement healthcare benefits for municipal workers in the New Year.

U.S. Bank N.A., the trustee for Oconee Regional Medical Center, notified bondholders Tuesday that the Georgia hospital defaulted on its Dec. 1 principal bond payment. It is the second default this year.

Catholic Health Initiatives, one of the nation’s largest nonprofit health care providers, is in danger of a downgrade from S&P Global Ratings after analysts placed its A-minus rating on its negative watch list.

Citigroup Global Markets Inc. scrapped the closing on $377.6 million in revenue and general obligation bonds it priced for El Camino Hospital in northern California after the U.S. Justice Department subpoenaed documents from the hospital.