Healthcare industry

Moody's Investors Service revised its outlook on Illinois-based Presence Health’s issuer credit rating of Baa1 to negative from stable.

Fitch Ratings upgraded St. Peter's Health Partners to A-minus from BBB-plus.

Moody's Investors Service on Friday placed Illinois-based Proctor Hospital's speculative-grade B2 rating on review for upgrade due to its signing of an affiliation agreement with the stronger and larger Methodist Health Services Corp.

Moody's Investors Service downgraded MaineGeneral Medical Center to the speculative grade Ba1 from the investment grade Baa3.

Moody's Investors Service placed the Baa1 rating of UMass Memorial Health Care on review for downgrade, affecting $299 million in rated debt outstanding.

Fitch Ratings by Kern County, Calif. ratings on negative watch over financial woes being experienced by a county-owned hospital.

Wisconsin-based Meriter Hospital's steep losses at its affiliated for-profit health plan prompted Moody's Investors Service to downgrade its rating by one notch to A2 and the agency warned of further deterioration by assigning a negative outlook.

The Securities and Exchange Commission has charged the operator of Miami-Dade County, Fla.'s largest hospital with defrauding investors by failing to disclose its financial woes prior to an $83 million bond offering.

Indiana University Health, the state's largest health care system, announced Sept. 11 that it will lay off 800 employees by the end of the year to save money.

The Illinois Finance Authority advanced borrowing plans by Presence Health and several other elementary and higher education institutions totaling more than $400 million this week.

Courts are forcing SUNY Downstate Medical Center’s Long Island College Hospital to resume services despite its loss of money.

Hawaii’s Department of Budget and Finance will act as the conduit issuer for Hawaii Pacific Health on $160 million in special purpose revenue bonds expected to price Tuesday.

Alameda County is planning to sell $287 million of lease revenue bonds this week to finance the expansion of health care buildings at Highland Hospital in Oakland, Calif.

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.

Alabama got $88 million more in bonuses for its Children's Health Insurance Program than allowed, the U.S. Department of Health and Human Services' inspector general said.

Moody's Investors Service has upgraded the rating on the Children's Hospital Central California to A1 based on its strong market position and solid operating performance.

Moody's Investors Service has revised its outlook on Rush University Medical Center Obligated Group's A2 rating to positive from stable due to good operating margins.

Two Los Angeles-area hospitals are one step closer to becoming one after the State Attorney General gave approval for the transaction.

The Michigan Senate late Tuesday narrowly approved an expansion of the Medicaid program under the new federal health care law, which could bolster Detroit's bankruptcy reorganization plan.

Moody's Investors Service has revised its outlook to negative from positive on Edward Health Services Corp.'s A2 rating due to challenges posed by its new affiliation with Elmhurst Memorial Healthcare.