The top 10 bond counsel for healthcare deals accounted for $12.32 billion in 63 deals in the first half of 2024.
Orrick Herrington & Sutcliffe topped the list with $2.05 billion across 15 deals, followed by Hawkins Delafield & Wood with $2 billion in 11 deals and Chapman and Cutler with $1.7 billion in 10 deals.
Source: LSEG
Municipals are seeing losses of 1.82% in December, which has dragged down overall gains to just 0.68% for 2024, per the Bloomberg Municipal Index.
Silver Point says it has done nothing wrong, and has retained prominent legal figures for its defense.
The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.
The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.
Bond issuers are establishing common reserve funds to spur economic growth while also generating income, but risk is involved.
The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.
