Author: ponderadmin

Mercy Health Partners, Inc., (Knoxville) was Acquired by Health Management Associates, Inc.

Transaction Announcement Ponder & Co. is pleased to announce that Mercy Health Partners, Inc., located in Knoxville, Tennessee and surrounding communities, has been acquired by Health Management Associates, Inc. (“HMA”).  As a result of the acquisition, HMA now operates nine acute care hospitals in the state of Tennessee and 66 hospitals throughout the United States. … Continued

Tax-Exempt Bank Loans Still an Option

By: Grant Ostlund and John E. Cheney (HFM July 2011) Introduction:  Over the past two calendar years, commercial banks have been a significant source of tax-exempt financing for healthcare organizations. Driven by an expanded definition of “bank-qualified debt” provided in the American Recovery and Reinvestment Act of 2009, commercial banks issued approximately $70 billion of … Continued

CHS Acquires Mercy Health Partners, Northeast Pennsylvania

Transaction Announcement Ponder & Co. is pleased to announce that Mercy Health Partners, located in northeast Pennsylvania, has been acquired by Community Health Systems, Inc. As a result of the acquisition, Community Health Systems now owns 13 acute care hospitals in the state of Pennsylvania. Mercy Health Partners Mercy Health Partners (“MHP”), an affiliate of … Continued

Mergers & Acquisitions in the Hospital Industry

Since the beginning of 2010, mergers and acquisitions activity in the acute care sector has increased significantly. The rate at which hospital transactions are being announced has increased by over 50% in less than a year and a half. Activity is up significantly for both not-for-profit and for-profit healthcare systems. Internal discussions about potential consolidations, … Continued

Are You a Municipal Advisor?

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) may have a direct impact on you, your 501(c)3 organization, or your bond issuing authority.  On January 6, 2011, the Securities and Exchange Commission (“SEC”) issued proposed rules for the registration of municipal advisors. The proposed rules were part of the SEC’s implementation of … Continued

Why Banks Keep Buying Tax-Exempt Debt

Introduction:  Over the past two calendar years, commercial banks have been a significant source of tax-exempt financing for healthcare organizations. Driven by an expanded definition of “bank-qualified debt” provided in the American Recovery and Reinvestment Act of 2009, commercial banks issued approximately $70 billion of direct tax-exempt loans in 2009 and 2010. And, while the … Continued

Morristown-Hamblen Healthcare System Merged with Convenant Health

Transaction Announcement Ponder & Co. is pleased to announce that Morristown-Hamblen Healthcare System has merged with Covenant Health. Morristown-Hamblen Hospital became the eighth hospital in Covenant Health’s network, significantly enhancing Covenant’s reach into the Lakeway Area of East Tennessee. Morristown-Hamblen Healthcare System Morristown-Hamblen Healthcare System (“MHHS”), based in Morristown, Tennessee, is a not-for-profit community hospital … Continued

Catholic Healthcare Partners Purchased Jewish Hospital of Cincinnati

Transaction Announcement Ponder & Co. is pleased to announce that Catholic Healthcare Partners (“CHP”) has purchased Jewish Hospital of Cincinnati. Jewish Hospital will become part of CHP’s affiliate, Mercy Health Partners of Southwest Ohio. Jewish Hospital Jewish Hospital is a full-service, acute care hospital with 209 beds located in Cincinnati’s northeast suburbs. The Hospital is … Continued

The Layers of the Credit Crunch Onion

Overview This paper is intended as a follow up to our client update calls and meetings held during November. At that time, we recommended that clients monitor the market until late January, and at that time we would start to see the path to clarity in the tax exempt market. While we expect significant news … Continued