Not-for-profit healthcare

The merger talks between South Dakota-based Sanford Health and Minnesota-based Fairview Health are the not-for-profit sector's latest consolidation attempt.

S&P said the ProMedica's divestiture helps address operating losses but it's a longer road ahead to return to investment grade.

The San Benito Health Care District board declared a fiscal emergency, a first step to declaring Chapter 9 municipal bankruptcy under California law.

Decisions by three organizations to drop Moody's ratings underscore an industry-wide trend as the sector struggles with rising costs and narrowing margins.

CommonSpirit Health priced more than $1 billion of debt on schedule Tuesday after disclosing a ransomware attack that has impacted some IT operations.

The nation's largest not-for-profit health system returns to the market with a mix of new money and refunding debt offering tax-exempts and taxables.

The El Paso County Hospital District is evaluating options, including other debt proposals, to address capacity constraints at its facilities.

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.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.