Healthcare industry

Moody's upgraded MIT spinoff Broad Institute to Aa3 with a stable outlook from A1 and positive, citing sustained growth and healthy operating cash flow.

The nation's largest not-for-profit healthcare system — Ascension Health — will acquire the much smaller and lower-rated Wheaton Franciscan Healthcare's southeastern Wisconsin facilities.

The Marin Healthcare District of Marin County, Calif, plans to sell $170 million of investment-grade bonds next week to finance earthquake readiness measures and medical improvements at a 63 year-old hospital.

South Carolina’s Tuomey Healthcare System has negotiated a reduced settlement of $72.4 million with the Justice Department for filing 21,000 false Medicare claims.

Raymond James has hired Jack Dudick in the firm’s Healthcare Finance group in Chicago.

Christopher Brogdon, who was at the center of more than a dozen problematic healthcare municipal bond deals for which at least $2 million was unaccounted for, will resign from the board of healthcare firm AdCare.

Fitch Ratings revised its outlook on Elmhurst Memorial Healthcare’s BBB rating to positive from stable in recognition of its post-merger growth.

South Dakota’s Sanford Health is bringing $176 million of A-plus rated hospital bonds to market this week in a deal that will mark the final financing of the system’s largest construction project to date.

Standard & Poor’s has lowered St. Anthony’s Medical Center by two notches to A-minus over dents in its operating performance.

Moody’s Investors Service dropped Good Samaritan Hospital in Knox County, Indiana by one level to Baa2 and warned of the potential for further deterioration by leaving a negative outlook on the rating.

Standard & Poor’s upgraded Illinois-based Anderson Hospital two notches citing multi-year operating improvements.

Moody's Investors Service has downgraded about $23 million of Sonoma Valley Health Care District, Calif. general obligation bonds to Baa1 from A1.

The Texas Public Finance Authority expects its triple-A credit to attract institutional and retail investors to an upcoming $445 million issue of taxable general obligation bonds for cancer research and prevention.

The Fremont-Rideout Health Group received a three-notch Standard & Poor's downgrade to BBB from A on three series of revenue bonds, citing a sharp deterioration in financial performance.

Rating agencies have restored stable outlooks on the University of North Texas system as UNT prepares to go to market with $222 million of revenue bonds.

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.

Florida-based Adventist Health System agreed to pay $118.7 million to settle allegations that it had physician referral agreements that violated the federal False Claims Act.

A positive outlook from Standard & Poor’s may lead to an investment-grade rating for the Decatur County Hospital Authority.

The North Broward Hospital District in Florida will pay the federal government $69.5 million to settle allegations that it violated the False Claims Act, according to the Justice Department.

Standard & Poor’s view of the University of Wisconsin Hospital & Clinics Authority’s A-plus credit has brightened.