Over the past decade, many independent hospitals and health systems have merged with larger, stronger credit quality systems. Announced hospital M&A activity increased from 58 transactions in 2009 to 111 in 2011 and has averaged over 100 per year since that time. While some of these transactions were the result of financial distress, others were … Continued
$305,684,000 Series 2018A Taxable Fixed Rate Bonds $310,000,000 Series 2018 Taxable Direct Purchase Bonds $100,000,000 Series A and B Taxable Commercial Paper About Bon Secours Mercy Health On September 1, 2018, Mercy Health combined with Bon Secours Health System (“BSHSI”), Inc to form Bon Secours Mercy Health, Inc. (“BSMH”). On that date, BSMH was substituted … Continued
$18,360,000 Series 2019A Tax-Exempt Fixed Rate Bonds $14,520,000 Series 2019B Tax-Exempt Fixed Rate Bonds About Munson Healthcare Munson Healthcare (“Munson” or “MHC”) is a Michigan nonprofit corporation organized to direct and oversee the delivery of a broad array of health care and related services through MHC’s various subsidiaries and affiliates in the northern portion of … Continued
$169,870,000 Series 2018 Tax-Exempt Fixed Rate Bonds About Beebe Medical Center Beebe Medical Center, Inc. (“Beebe”) in Lewes, Delaware owns and operates a 210 licensed-bed acute care community hospital facility (the “Medical Center”) and outpatient care centers throughout its service area, including a cancer center. Lewes is located in eastern Sussex County in southern Delaware … Continued
$195,775,000 Series 2019A Tax-Exempt Fixed Rate Bonds $45,135,000 Series 2019B Tax-Exempt Put Bonds $50,470,000 Series 2019C Tax-Exempt Floating Rate Notes About HonorHealth HonorHealth, together with its affiliates, owns and operates a healthcare system of five acute care hospitals that serves the Northern Phoenix/Scottsdale, Arizona area. HonorHealth operates a total of 1,374 licensed beds and a … Continued