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CHICAGO - The Illinois International Port District should be dissolved and its operations handed over to Chicago because it has failed to promote maritime commerce and shipping activities and instead is focused on operating a golf course, the Civic Federation of Chicago urged in a report this week.
July 2 -
CHICAGO - Merrill Lynch & Co. has scooped up nearly 30 public finance bankers from the ranks of the now-shuttered municipal group at UBS Securities LLC - taking advantage of a "once-in-a-decade opportunity" as its Wall Street neighbors shed staff to cope with subprime market-related losses, the firm's municipal chairman said.
June 30 -
DALLAS - RBC Capital Markets continued its efforts to increase the size and scope of its municipal finance health care group yesterday by bringing on board seven former Bear, Stearns & Co. bankers in that sector.
June 26 -
Michigan Gov. Jennifer Granholm in a surprise move last week vetoed a recent rule change approved by the state’s Certificate Of Need Commission that would have required hospitals to form a consortium to build a state-of-the-art new cancer treatment center.
June 25 -
DALLAS — A year after completing its move to the former Fitzsimons Army Hospital campus in Aurora, Colo., the University of Colorado Hospital Authority will issue $92.6 million of variable-rate revenue bonds for construction and refunding.
June 23 -
CHICAGO — Standard & Poor's yesterday placed the A-plus underlying credit of Mercy Medical Center in Cedar Rapids, Iowa, on Credit Watch with negative implications as the shuttered hospital struggles to recover from the devastating floods that have hit the Midwest.
June 20 -
SAN FRANCISCO The federal receiver charged with bringing California's prison health care system up to constitutional muster turned up the heat on state decision makers this week.
June 19 -
The Hoboken Municipal Hospital Authority will refinance up to $12 million of tax-exempt debt into taxable bonds within the next two weeks to help cover operating expenses at the Hoboken University Medical Center in New Jersey.
June 13 -
CHICAGO — A Michigan-based hospital system today will begin converting $125 million in auction-rate debt into a variable-rate mode, while next week Ohio's Lake Hospital System will price nearly $190 million of variable- and fixed-rate revenue bonds, in a pair of transactions that will allow the systems to exit the troubled auction-rate market.
June 12 -
CHICAGO The Illinois Finance Authority this week advanced borrowing plans for a handful of nonprofits including $125 million for Northwestern University, which is undertaking nearly $1 billion in campus improvements, and $180 million for Advocate Health Care Network to finance its acquisition of Condell Health Network.
June 12 -
CHICAGO South Dakota-based regional health care provider Avera Health plans to enter the market tomorrow to sell $140 million of variable-rate demand bonds, one of three transactions that will replace all of its auction-rate securities.
June 11 -
CHICAGO -Standard & Poor's Friday downgraded to B-plus the already below-investment-grade Ohio-based Forum Health in a two-notch cut that analysts said reflects the system's ongoing fiscal difficulties as well as a few new challenges.
June 9 -
ATLANTA - Fulton County, Ga., yesterday sold $120 million of tax anticipation notes - twice as much as in 2006 - to cover expenses at a time when cash levels are lower, due in part to the advance payment of an annual subsidy to the financially ailing Grady Health System in Atlanta.
June 5
