Healthcare industry

Standard & Poor's has pushed Proctor Hospital's rating deeper into junk bond territory, lowering it to BB-minus from BB-plus and warning of the potential for further deterioration by assigning a negative outlook due to its poor cash position.

The prestigious Cleveland Clinic announced Wednesday it plans to team up with another Ohio health provider, marking the latest merger transforming the Ohio hospital landscape.

Dallas County's Parkland Hospital will not lose its Medicare and Medicaid funding after a second evaluation found the charity hospital in compliance with federal standards.

The Treasury Department agrees with Rep. Jim McDermott, D-Wash., that 16-year-old safe harbor provisions for tax-exempt health care bonds need to be updated so they won't conflict with health care reform.

Tucson City Council will decide on a temporary hospital tax as a match for federal reimbursement of uninsured patient care.

Vermont expects to reduce its unfunded health care liability by $150 million through a waiver plan crafted by its teachers retirement system and Treasurer Beth Pearce.

Moody's Investors Service has revised its outlook on Fairview Health Services' A3 rating to stable from negative in recognition of its improved operations.

In an action that could affect numerous transactions across the country, the Internal Revenue Service has determined that revenue bonds issued by a New Jersey authority for the Deborah Heart and Lung Center are taxable because the borrower entered into a total return swap.

The Regents of the University of California is planning to sell $665 million of fixed and variable rate medical center pooled revenue bonds.

All three major ratings agencies have downgraded Catholic Health Services of Long Island, N.Y., revenue bonds.

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Moody's Investors Service affirmed the Baa3 credit rating of a Lancaster-Calif.-based Antelope Valley Healthcare District that had been placed on review for downgrade.

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Children's Hospital of Colorado this week will raise $200 million for new facilities with deald that combine fixed-rate bonds and direct placement of variable-rate debt.

Minnesota Gov. Mark Dayton announced his four picks for the board that will guide the state's $455 million public investment in the Mayo Clinic's proposed $6 billion makeover of its hometown Rochester.

On Nov 5, Miami-Dade County voters will decide whether to tax themselves to issue $830 million of general obligation bonds for capital needs at Jackson Health System.

The Denver suburb of Aurora has approved a $25 million tax subsidy to build a conference center hotel at the Anschutz Medical Campus.

Texas Gov. Rick Perry on Tuesday signed a bill creating a new university and medical school in South Texas’ Rio Grande Valley by merging two existing University of Texas branches.

Moody's Investors Service downgraded Temple University Health Systems to Ba2 from Ba1 Tuesday.

The Dallas County Hospital District lost its triple-A rating from Fitch Ratings Friday as construction of a $1 billion replacement for Parkland Hospital neared completion.