Several Midwest hospital mergers that are in the works will contribute to the 2023 numbers while one announced in 2022 just closed.

The deal is expected to close in the third quarter of 2023.

The acquisition closed Friday and all nine employees, who provide municipal and healthcare advisory services and treasury consulting services, joined PFM.

Each would preserve their individual brands with a new organization functioning as the parent company with the aim of cutting administrative costs.

The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.

Advocate Aurora Health and Atrium Health finalized their merger Friday.

The Missouri-based firms say they will boost client relationships and expand capabilities with the pending merger, which will retain the L.J. Hart & Co. brand.

Upon integration, the Lumesis DIVER product suite will provide additional municipal asset class workflow, analytics related to price transparency, and regulatory-related solutions to SOLVE'S Market Data Platform.

The financial advisory firm is adding to its fold a specialty firm that focuses on aiding the hospital sector on clinical documentation, revenue cycle, hospital operations, and technology.

Baker Tilly will fold specialty consulting firm Management Partners into its public sector practice next month.