Hospitals and clinics

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

The ratings agency cited weaker than expected financial performance in fiscal 2024 and a slow anticipated recovery in coming years.

The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.

Something less than $400 million of the bonds will be taxable bonds.

Bondholders are prepared to loan up to $22 million to the hospital.

Houston-based Texas Children's Hospital plans to sell about $222 million of tax-exempt, fixed-rate revenue bonds this week.

Eisner Advisory Group Partner Allen Wilen is the chief restructuring officer for Jackson Hospital & Clinic.

The county commission gave final approval to a nonprofit hospital bond and preliminary approval to a county government bond.

The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.

The 0.34% sales tax rate increase would raise an estimated $70 million annually for Colorado's only safety net healthcare provider.

The bankruptcy of Iowa City's Mercy Hospital is closer to an end with the resolution of a dispute between unsecured creditors and the trustee and bondholder.

The Washington state island hospital's financial turmoil brought rating downgrades from Moody's Ratings.

Rural hospitals and clinics are closing in Wisconsin while Democratic Gov. Tony Evers battles the state's Republican legislature over Medicaid expansion.

Escalating costs led University of Utah Health to seek a doubling of its bonding authority from the state legislature for a medical campus project.

Children's Health and UT Southwestern Medical Center are teaming up to finance and build a pediatric health campus that includes a hospital.

Colorado's sole public safety net healthcare provider faces rising uncompensated care costs, driven in part by treating thousands of uninsured migrants coming from the southern border.

After two auctions, Mercy Hospital, a nonprofit hospital in Iowa City, was sold, but bondholders' recovery will hinge on the Chapter 11 liquidation process.

The bond trustee for the city of Nevada, Missouri-owned Nevada Regional Medical Center declared its bonds to be in default.

Providing care for thousands of migrants is contributing to the system's escalating uncompensated care costs.

"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.