Healthcare industry

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.

A fight over the future of a Brooklyn hospital that potentially affects SUNY Downstate Medical Center’s ability to pay its debt of $154 million recently took two more sharp legal turns, as a judge ordered Downstate to transfer ownership of the money-losing facility -- then reversed the order three days later.

Fitch placed A-plus rated bonds issued on behalf of Backus Hospital in Norwich, Conn., on watch, citing uncertainty about its agreement with Hartford HealthCare.

The University of Florida's Shands Healthcare has agreed to pay $26.2 million to settle allegations due to overpayments by Medicare and Medicaid.

A weak financial report released by Providence Health & Services, Wash., will not affect its debt rating and outlook, said analysts at Standard & Poor's.

Former Assistant U.S. Attorney Michael McCrum has been named special prosecutor to lead an investigation of Texas Gov. Rick Perry.

Presence Health in Illinois will privately place up to $215 million of bonds in a deal that restructures outstanding debt of the two Chicago area systems that joined in 2011 to form the new system.

Moody's Investors Service has put the Ba2 rating of Somerset Medical Center on review for a downgrade, affecting $80 million in outstanding debt.

Baptist Health South Florida Obligated Group has agreed to pay $597,751 to settle Internal Revenue Service alleged tax rule violations and preserve the tax-exempt status of $800 million of hospital revenue bonds issued in 2007.

Illinois Gov. Pat Quinn has announced more than $70 million in capital grant funding for 115 hospitals across the state.