Healthcare industry

The Tuomey Healthcare System is fighting what it calls improper federal efforts to subordinate bondholders while it appeals a massive fraud judgement.

New York Gov. Andrew Cuomo says New York's financial support for the money-losing Long Island College Hospital can continue for only a few more days.

Fitch Ratings on Monday upgraded Rush University Medical Center's debt by one notch to A-plus in recognition of its consistently strong profitability.

Missouri Gov. Jay Nixon proposed a fiscal 2015 budget that would increase education spending $500 million and authorize $200 million in appropriation supported bond borrowing for a mental health facility.

Standard & Poor's signaled that Fairview Health Services in Minnesota could win an upgrade over the next two years due to its strong business position and improved governance and management.

ABAG Finance Authority is selling $168 million of recently upgraded revenue bonds next week for a healthcare system in San Diego County.

Two ratings agencies have revised their outlooks on Iowa-based Mercy Medical Center's A level ratings to negative due to the hospital's operating struggles.

Standard & Poor's on Jan. 8 raised to investment grade the underlying rating of Citrus Valley Health Partners' certificates of participation and gave the COPs a positive outlook.

A coalition representing Detroit retirees sued in federal court to block the city from implementing health care changes that would shift older employees to Medicare and younger ones to the state-based health care exchange.

Catholic Health Initiatives' plan to invest $1 billion in Texas healthcare includes a new hospital.

The University of Chicago was among six institutions to which the not-for-profit Ludwig Cancer Research organization awarded $540 million grants to fund cancer research.

Moody's Investors Service revised the outlook on Illinois-based Memorial Health System's A1 rating to negative from stable ahead of its sale of $60 million of revenue bonds.

The University of Texas System will open the new year with $240 million of top-rated Permanent University Fund bonds to refund commercial paper.

Community Medical Center in Missoula, Mont., maintained its Baa2 rating, but received a negative outlook from Moody's.

About $23 million of lease-revenue debt issued for a hospital in southern Kansas has fallen below investment grade, according to Moody's Investors Service.

The Illinois Finance Authority board gave a green light to two healthcare financings and renewed executive director Chris Meister's appointment for another year.

The not-for-profit health care sector has reached a negative tipping point, warned Standard & Poor's, which also said new health care law could start to impact states' larger credit profiles.

The 20 states that have rejected Medicaid expansion will cost their taxpayers billions of dollars, according to a study by the Commonwealth Fund.

A former top official for the $3 billion bond-funded Cancer Prevention and Research Institute of Texas has been indicted on felony charges.

The Internal Revenue Service is auditing $23.83 million of Series 2007 variable rate demand bonds issued by the Colorado Health Facilities Authority.