Healthcare industry

New York's State Department of Health made $32.9 million in Medicaid overpayments during a five-year period, according to audits released by Comptroller Thomas DiNapoli.

The Dormitory Authority of the State of New York board approved $1.1 billion of financings for higher education and health care institutions, including a $940 million personal income tax revenue bond program.

Inova Health System hopes to play on its strength as the largest nonprofit heath-care provider in northern Virginia next week when it sells $500 million of double-A rated bonds.

Conduit bond issuer Build NYC Resource Corp. has approved $75.6 million of tax-exempt financing to assist four New York City nonprofits.

Moody's Investors Service downgraded the bond rating on Davis Health System, W.Va., to Ba2 from Ba1.

Moody's Investors Service, which maintains a negative outlook on the non-profit health care industry, downgraded more hospitals than it upgraded during the second quarter of 2012, a trend analysts expect to continue throughout the year

Louisiana's chain of 10 state hospitals that serve 1.2 million low income and disabled Louisianians are imperiled by a sudden and severe cut in federal funds for the program.

New York State Comptroller Thomas DiNapoli's office has begun an independent financial review of the financially troubled State University of New York Downstate Medical Center and its affiliates.

A new 3.8% tax on investment income that's part of the federal health care overhaul will boost demand for tax-free municipal bonds starting next year, say some market experts.

Proceeds will refund bonds and finance capital projects at the health system's three campuses near Philadelphia.

Louisiana Health Secretary Bruce Greenstein will outline the reasons behind his order cutting $550 million from the state's Medicaid program Thursday at a special joint legislative committee hearing.

Fitch Ratings raised the Rush University Medical Center Obligated Group one notch to A in recognition of its consistently strong profitability and the completion of its new patient tower, eliminating construction risks on the credit.

Baylor College of Medicine, the largest private medical school in the Southwest, plans to issue $320 million of bonds next month to refinance fixed and variable rate debt and stabilize its financial structure, officials said.

As states decide whether to participate in the now-voluntary Medicaid expansion program under federal health care reform, analysts and other muni market experts say the decision will likely have little impact on states' bottom line.

Illinois-based Hospital Sisters Services, Inc. is gearing up to sell more than $400 million of new-money and refunding bonds this fall as it undertakes various upgrades to existing facilities and opens a replacement critical access hospital.

A retired state judge has filed a lawsuit challenging the constitutionality of a new Illinois law that overhauls the state's retiree healthcare program and shifting more of the funding burden for premiums to beneficiaries.

The head of the non profit health care group at Standard & Poor's says the full impact of the federal reform law won't be known until after it is implemented in 2014.

The IRS is auditing $245.7 million of hospital revenue bonds issued by The Board of Trustees of the University of Alabama in Birmingham in September 2006.

Moody's Investors Service upgraded to A2 from A3 its rating on Blanchard Valley Regional Health Center, located in Findlay, Ohio.

Texas Gov. Rick Perry on Monday said he would reject an estimated $62 billion in federal funding to expand Medicaid in the state, citing states' rights.