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Standard & Poor's has put the ratings of two double-A level not-for-profit health systems in Illinois, Advocate and NorthShore, on Credit Watch with positive credit implications following their announcement to join forces.
September 15 -
Pennsylvania opting in to Medicaid expansion is a credit positive for hospitals in the state, according to Wells Fargo Securities.
September 8 -
A recent announcement that Virginia Mason Medical Center in Seattle will end one of its contracts in 2016 poses certain credit risks, but has no immediate impact on its ratings, according to Standard & Poor's.
September 8 -
Denver's highly-regarded National Jewish Health system has lost its Standard & Poor's investment-grade rating, falling to BB-plus from BBB-minus.
September 8 -
Three Detroit hospitals announced that they have closed a merger that creates a $3.8 billion system that's the largest health care provider in southeast Michigan.
September 4 -
The Treasury Department's 2014-2015 priority guidance plan includes new projects to both update guidance on management contracts that impact private-activity bonds, and ensure PAB rules don't conflict with a new type of arrangement promoted by President Obama's health care reform law.
September 4 -
Mount Sinai and NYU Langone became the first hospitals to advertise on MetroCards, New York's Metropolitan Transportation Authority said.
September 2 -
Two Illinois based not-for-profit healthcare systems -- Northwestern Memorial Healthcare and Cadence Health said they plan to complete their merger on Sept. 1.
August 29 -
KeyBanc Capital Markets has hired Zachary Kau to work as a managing director in the San Francisco office heading its healthcare finance business in the Public Finance Group.
August 29 -
The federal government's review of Medicaid reimbursements will not affect Connecticut's AA general obligation bond rating for now, said Standard & Poor's.
August 28