Healthcare industry

Health-care cost savings in contracts between New York City and its municipal labor unions should be recurring and "bend the cost curve" by making the system operate more efficiently, said Carol Kellermann, president of the Citizens Budget Commission watchdog organization.

Macomb County, which is adjacent to Detroit, is considering issue $270 million of long term bonds to cover its retiree health care benefit liability.

Moody's downgraded Wayne Memorial Hospital's issuer rating to Baa1 from A3 due to the North Carolina hospital's "recent weak operating performance and low revenue growth."

King's Daughters Medical Center will pay $40.9 million to settle allegations of federal health care fraud, a penalty that is among the largest of its kind in Kentucky.

Fitch placed $34.3 million of Bridgeport Hospital bonds on rating watch positive, citing its pending transaction with Yale New Haven Health System.

A New York issuer has applied for relief under the Internal Revenue Service's voluntary closing agreement program so that tax-law violations relating to bonds issued for New York Medical College in 1998 can be settled.

Houston's Memorial Hermann Health System is preparing to issue more than $290 million of bonds to finance expansion projects.

Fitch Ratings revised its outlook to negative from stable on $130 million of Covenant Health System revenue bonds in Massachusetts and New Hampshire.

The Good Shepherd Medical Center serving East Texas is on the verge of losing its Moody's Investors Service investment-grade rating of Baa3, analysts said.

The State University of New York is starting to shut down its money-losing Long Island College Hospital.

The boards of two Illinois-based systems — Cadence Health and Northwestern Memorial HealthCare — on Thursday agreed to join forces.

Fitch Ratings upgraded to BBB $71.3 million in revenue bonds issued by the Hawaii Department of Budget & Finance for a 392-unit retirement community and revised the outlook to stable from positive.

Moody's Investors Service has downgraded to A3 from A2 the rating on Fred Hutchinson Cancer Research Center in Seattle.

Miami-Dade County expects to issue $101 million of general obligation bonds in July for the publicly owned Jackson Health System.

Moody's Investors Service has revised its outlook on Iowa-based St. Anthony Regional Hospital's Baa2 rating to negative.

Standard & Poor's dropped Centegra Health System in Illinois' rating by one level to BBB ahead of its nearly $200 million sale of debt through a public offering and direct bank placements.

Moody's said it may downgrade Henry Ford Health, one of Michigan's largest providers, due to continued operating performance declines and other challenges.

A western Oklahoma hospital that has struggled to hire doctors falls another notch below investment grade on the Fitch Ratings scale.

State University of New York broke off talks Monday with Brooklyn Health Partners, the high bidder to buy money-losing Long Island College Hospital.

Standard & Poor's revised its outlook on Mayo Clinic's AA rating to stable from negative due to its improved operating results.