Not-for-profit healthcare

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

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.

Fitch Ratings recently downgraded Marshfield Clinic Health System, a nonprofit group of 11 hospitals in central Wisconsin, to BBB from BBB-plus.

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

Altadena, California-based Episcopal Communities & Services for Seniors was able to sell bonds through a treasurer's conduit thanks to the new state law.

Bonds issued through the Westchester County Local Development Corp. will create a centralized base for the nonprofit's blood distribution and lab operations.

Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said.

Medford, Oregon-based Asante Health enters 2024 with negative outlooks from Fitch and S&P as it works to complete expansion projects amid industry headwinds.

The deal includes $300 million of new money to embark on a $1.4 billion five-year capital plan.

The rating agency expects that an uptick in revenues will outpace expenses as the not-for-profit hospital industry gets a handle on labor costs.

Record-breaking hot temperatures in the Southwest this summer likely had economic consequences and could focus the municipal bond market on heat-related credit risks and infrastructure needs.

M. Elizabeth Walker and Jerimi J. Ullom have joined law firm Barnes & Thornburg's Indianpolis office as healthcare and public finance partners.

The largest healthcare strike in U.S. history hit Kaiser Permanente Wednesday. The nonprofit giant operates 39 hospitals and 622 medical offices.

The authority approved $1.3 billion in conduit financings at its meeting Tuesday.

Labor costs and inflation weigh on hospitals, but improvement may be on the horizon.

Eskaton, a northern California-based not-for-profit, is spinning off the trio of healthcare facilities to stem fiscal bleeding, and focus on its strengths in the senior-living sector.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

The North Alabama operator priced $190 million of revenue bonds Aug. 29 to support among other things the purchase of an orthopedic physicians' practice.

Nonprofit PeaceHealth wants to close the hospital in the city that hosts the University of Oregon and consolidate it with a facility in a neighboring town.