201708.22
0

End of LIBOR Part 1

What you need to know before LIBOR disappears – Impact on Swaps and Variable Rate Debt The History The LIBOR scandal that emerged in 2008 highlighted a crucial flaw in the setting of LIBOR rates. Without enough direct trades from which to draw, some traders responsible for setting the rates via daily submissions were actually…

201707.18
0

Parkview Health System Series 2017A Revenue & Refunding Bonds

Borrower Overview PHS is a physician-led regionally integrated health care delivery system providing services to 15 counties in northeast Indiana and northwest Ohio. PHS has a combined 898 licensed beds and generates over $1.5 billion in annual revenues. PHS is a network of nine hospitals with the flag ship facility located on the northwest side…

201707.11
0

Vanderbilt University Medical Center Series 2017A Tax-Exempt & 2017 Taxable Bonds

Borrower Overview VUMC, a TN nonprofit, 501(c)3 corporation, is the largest comprehensive research, teaching, and patient care health system in Tennessee with 1,025 licensed beds and over $3.5 billion in annual revenues. On April 30, 2016 Vanderbilt University transferred the clinical operations, post graduate training programs, and clinical department research activities to VUMC as its…

201705.11
0

The Health Care Authority of the City of Anniston acquired Stringfellow Memorial Hospital, clinics and outpatient services

in News

Transaction Announcement Ponder & Co. (“Ponder”) is pleased to announce that The Health Care Authority of the City of Annistion (the “Authority”) has acquired Stringfellow Memorial Hospital (“SMH”) and its associated physician clinics and outpatient services from Community Health System, Inc. (“CHS”). The purchase price of $25 million includes The Authority’s assumption of the approximately…

201703.15
0

HaysMed has joined The University of Kansas Hospital

in News

Transaction Announcement Ponder & Co. (“Ponder”) is pleased to announce that Hays Medical Center d/b/a HaysMed, located in Hays, KS, has joined The University of Kansas Health System. Through the affiliation, they will enhance services and expand access to care for communities served by HaysMed including residents and patients across west-central Kansas. The affiliation enables…

201702.09
0

Challenges in Public and Private Variable Rate Debt

Executive Summary Currently, there is a dislocation between SIFMA resets and its theoretical relationship with 1 month LIBOR Pre-2008 financial crisis, SIFMA reset between 60% and 70% of 1mL The current SIFMA / 1 month LIBOR ratio is approximately 86% Impact on SIFMA market is primarily a function of the decrease in demand due to…

201702.08
0

Northeast Georgia Health System, Inc. acquired Barrow Regional Medical Center and its affiliates

in News

Transaction Announcement Ponder & Co. (“Ponder”) is pleased to announce that Northeast Georgia Health System, Inc. (“NGHS”) has acquired Barrow Regional Medical Center (“BRMC”) and its affiliates, including Barrow Medical Group, from Quorum Health Corporation (“QHC”). BRMC will become Northeast Georgia Medical Center Barrow, NGHS’ third hospital campus. This transaction preserves and improves local access…