Healthcare industry

New York State has promised to give the financially distressed SUNY Downstate Medical Center $89 million over the next two fiscal years.

Michigan's emergency loan board Monday approved a move by Pontiac emergency manager to suspend the city's retiree health care payments for up to two years.

Storm-damaged Charity Hospital would become New Orleans City Hall under Mayor Mitch Landrieu's $271 million proposal.

Ill. Gov. Pat Quinn has signed legislation that lays the groundwork for Mayor Rahm Emanuel's plan to eventually eliminate healthcare subsidies for many retirees as the city seeks to shed a rising expense.

Standard & Poor's downgraded Temple University Health System's debt to the speculative grade BB-plus from the investment grade BBB-minus on Thursday.

University Hospitals, one of Cleveland's largest systems, wants to acquire nearby EMH Healthcare.

Publicly funded Denver Health and Hospital Authority is running a $1 million deficit due to its status as the hospital for the uninsured and the sequester of federal funds enacted by Congress, according to a recent report.

Texas Gov. Rick Perry's veto of funding for the unit that prosecutes state corruption will not derail an investigation of a case that could involve the governor's office, the lead investigator said.

Moody's Investors Service has placed Meriter Hospital's A1 rating under review for downgrade as the system struggles with 2012 operating losses due to the Meriter Health Services' health insurance plan.

Moody's Investors Service pushed the struggling Proctor Hospital's rating further down into junk bond territory, lowering the Illinois hospital three levels and warning of further deterioration.

Maine's governor signed a bill that will trigger the sale of at least $290 million in bonds and provide the state's hospitals with $484 million that they are owed.

St. Joseph Health System and Hoag Memorial Hospital Presbyterian, two California hospital systems that formed an affiliation, plan to price $763 million in debt on Wednesday through California Health Facilities Financing Authority.

Arizona Gov. Jan Brewer is expected to sign an $8.8 billion budget that includes expansion of the state Medicaid program for the working poor.

The University of Pittsburgh Medical Center accused Pittsburgh Mayor Luke Ravenstahl of suing it over its nonprofit status to cover a scandal in his administration, according to a court filing.

Moody's upgraded San Diego, Calif.-based Sharp HealthCare's rating to A1 from A2 affecting approximately $475 million of outstanding debt.

Moody's Investors Service placed Antelope Valley Healthcare District's Baa3-rated bonds on review for downgrade following the unexpected resignations of the chief executive officer and the chief financial officer.

Dallas' Parkland Hospital Board has approved $42 million of bonds for a new $1.3 billion hospital financed mostly by Build America Bonds issued in 2009.

Moody's Investors Service said it has downgraded the long-term rating assigned to Proctor Hospital, Ill., to B2 from Ba2.

Moody's Investors Service Monday upgraded to Baa2 from Baa3 its rating on Mercy Memorial Hospital Corp., reflecting three years of improved performance.

A lawsuit filed in Cook County Circuit Court against the Illinois Department of Revenue claims changes made in 2012 to the state's charity care law that governs not-for-profit hospitals violates the state constitution.