Not-for-profit healthcare

Two rating agencies lowered their outlook for University Hospitals to stable from positive.

Not-for-profit hospitals and healthcare systems are positioned to weather headwinds facing the medical profession in the 2020s.

The hospital system will price up to $1.7 billion of bonds this week, of which up to $1.4 billion would be taxable.

RBC Capital Markets has brought in Tim Wons, who left his executive leadership role for AccentCare Inc., to join the RBC not-for-profit healthcare finance group.

Moody's Investors Service raised the outlook to positive from stable on Palomar Health's junk-rated revenue bonds and investment grade general obligation debt.

After management and physicians from both health systems worked to provide a merger recommendation, the UnityPoint Health board “failed to embrace the vision."

Ahead of the deal, Moody's revised its outlook on the hospital system's Aa3 rating to positive from stable.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

Most of the proceeds will refinance direct placement debt with bonds sold in the public markets.

Spectrum Health System will consolidate its administrative offices into a central location.