Author: Ponder Co

The Impact of Tax Reform on the Municipal Market

While private activity bonds have been spared, the 2017 Tax Cuts and Jobs Act (the “Act”) will still impact tax-exempt markets The decrease in the corporate tax rate will reduce demand for tax-exempt bonds The decrease in supply due to the loss of advance refunding bonds will be offset by the reduced demand Publicly issued … Continued

Hackensack Meridian and JFK cement merger

By: Alex Kacik with contributions from Eb LeMaster (Modern Healthcare online) Hackensack Meridian Health and JFK Health finalized their merger to create a combined entity with 16 hospitals throughout New Jersey, the companies announced Wednesday. Executives of the Edison, N.J.-based systems said the marriage would allow them to expand patient access and better deliver preventive healthcare. … Continued

Trinity Health ponders acquisitions through debt offering

By: Alex Kacik with contributions from Eb LeMaster (Modern Healthcare online) Trinity Health is considering a debt offering to fund acquisitions, the company said in a regulatory filing.  The Catholic-sponsored health system, which is one of the nation’s largest not-for-profit hospital systems, said it is looking at converting all or a portion of $1.36 billion of … Continued

Mercy Health Series 2017C Revenue Bonds

About Mercy Health Mercy, a Ponder client since 2008, is a $6 billion in revenue super regional health care system providing services in Arkansas, Kansas, Missouri, and Oklahoma. Mercy is headquartered in St. Louis and was started by the Sisters of Mercy over 150 years ago. Currently Mercy is the 5th largest Catholic health care … Continued

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 … Continued

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

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 … Continued

HaysMed has joined The University of Kansas Hospital

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 … Continued

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

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 … Continued

2016 M&A activity down from last year

By: Alyssa Rege (Becker’s Hospital Review, January 20, 2017) While hospital merger and acquisition activity fell during 2016 compared to the year prior, announced transaction activity in Q4 increased from the previous quarter, according to an analysis by Ponder & Co. Click here to read the full article