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Loma Linda University Medical Center received mixed messages from two rating agencies as it prepares what will be the municipal bond markets largest junk rated deal of the year so far.
April 8 -
Cook County board President Toni Preckwinkle will introduce plans next week for a privately financed $600 million redevelopment of the countys long-closed historic hospital along with a new $118 million bond-funded addition to its current hospital campus.
April 7 - Texas
The University of Texas System will seek savings with a $134 million refunding of revenue bonds.
April 5 -
Puerto Rico health care providers, payers and stakeholders are pressing U.S. lawmakers and administration officials to increase funding for the territorys Medicaid and Medicare programs in legislation.
April 4 -
WellStar Health System expanded its hospital network to 11 from five after Fridays closing on the acquisition of five hospitals from for-profit Tenet Health, and a merger with nonprofit West Georgia Health, but its ratings suffered.
April 1 -
Standard & Poors downgraded Presence Health two notches to BBB-minus and put the rating on CreditWatch with negative implications.
March 30 -
Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas, will issue $536 million of taxable and $382 million of tax-exempt bonds.
March 28 - Texas
Good Shepherd Health System faces a rising risk of default on $150 million of debt as the East Texas nonprofit seeks a merger partner, Moodys Investors Service says.
March 28 -
Junk-rated California hospital chain Verity Health received an outlook boost Wednesday, when Standard & Poors boosted its outlook to stable from negative while affirming its CCC rating.
March 23 -
The University of Pennsylvania received a one-notch bond rating upgrade from Moodys Investors Service, to Aa1 from Aa2.
March 22