Not-for-profit healthcare

Northwest suburban Chicago-based Northwest Community Healthcare is joining the NorthShore University which operates five hospitals in the northern sububs and Chicago.

Federal relief and the resumption of elective surgeries helped bolster hospital margins in May, according to a Kaufman Hall report.

The new system would hold a commanding presence in Illinois, Michigan and Wisconsin with $17 billion of revenues and 100,000 employees.

The Wisconsin health system's ratings have weathered the early impact of COVID-19 on its balance sheet, although S&P revised its outlook to negative.

Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.

The collapse of the mergers comes as the not-for-profit healthcare sector confronts direct and indirect challenges drive by COVID-19.

Joseph Pollock will be responsible for covering hospitals and healthcare systems across the United States.

RBC hires 30-year vet Teri Hartman from Barclays and expects another hire.

Hospital margins plunged in April and recovery prospects hinge on resuming elective procedures, which depend on patient sentiment and future COVID-19 surges.

New report says hospitals lost a total of $1.44 billion a day between March and mid-April.