Author: Tabitha Waller

Montefiore Medical Center Series 2020A and 2020B Bonds

$356,510,000 Series 2020A Tax-Exempt Fixed Rate Bonds $350,000,000 Series 2020B Taxable Fixed Rate Bonds About Montefiore Medical Center With a history dating to 1884, Montefiore Medical Center (“MMC”) is the primary operating corporation in an integrated academic health care system that serves the Bronx, Westchester, Rockland and Orange Counties, New York. MMC operates three inpatient … Continued

Nanticoke Health Services Merges with Peninsula Regional Health System

Transaction Announcement Ponder & Co. (“Ponder”) is pleased to announce that Nanticoke Health Services (“NHS”) has merged with Peninsula Regional Health System (“PRHS”), official as of January 1, 2020. The move is part of a plan to create a larger health system serving the Delmarva Peninsula. The transaction not only reinforces current services, but also … Continued

UNC Rex Healthcare Series 2020A Tax-Exempt Fixed Rate Bonds

$199,725,000 Series 2020A Tax-Exempt Fixed Rate Bonds About UNC Rex Healthcare Rex Healthcare (“UNC Rex”), a member of the University of North Carolina Health Care System (“UNCHCS”), provides a wide range of primary, secondary and tertiary care services to residents of Wake County, North Carolina and surrounding counties, one of the fastest growing metropolitan areas … Continued

M&A Activity Report Q4 2019

2019: 85 Announced Change of Control Transactions Full year 2019 announced transactions totaled 85 transactions, which is the second lowest annual total since 2009 and represents more than a 25% decline in announced transactions from 2018’s total of 116. Although a marked decline from prior year’s activity, the total compares similarly to that of 2016 … Continued

Sentara Healthcare Series 2020 Tax-Exempt Fixed Rate Bonds

$186,970,000 Series 2020 Tax-Exempt Fixed Rate Bonds About Sentara Healthcare Sentara Healthcare (“Sentara”) is the controlling entity of an integrated healthcare delivery system that provides a comprehensive array of healthcare services in (a) its primary service area of Hampton Roads, an approximately 1,600 square mile area in southeastern Virginia where Sentara controls seven hospitals, (b) … Continued

Scripps Health Series 2019 Tax-Exempt Fixed Rate Private Placement

$99,360,000 Series 2019 Tax-Exempt Fixed Rate Private Placement About Scripps Health Scripps Health (“Scripps”) is the core organization of a community based integrated health care delivery system located in San Diego, CA. Scripps currently operates four acute-care hospitals on five campuses, 23 outpatient clinic locations, an extensive ambulatory network, home health care, associated support services … Continued

UNC Hospitals at Chapel Hill Series 2019 Tax-Exempt Fixed Rate Bonds

$149,995,000 Series 2019 Tax-Exempt Fixed Rate Bonds About University of North Carolina Hospitals at Chapel Hill The University of North Carolina Hospitals at Chapel Hill (“UNCH”), an operating unit of the University of North Carolina Health Care System (the “System”), operates a multi-disciplinary, primary, secondary, tertiary and quaternary academic medical center. UNC Hospitals operates two … Continued

Beloit Health System Series 2020 Tax-Exempt Fixed Rate Bonds

$21,325,000 Series 2020A Tax-Exempt Fixed Rate Bonds About Beloit Health System Beloit Health System (“BHS”) is a Wisconsin based nonprofit corporation that owns and operates the Beloit Memorial Hospital (the “Hospital”). The mission of Beloit is to be the leader in regional health and wellness services that delivers high quality, value and satisfaction to the … Continued

KUHA Series 2019B Tax-Exempt Fixed Rate Bonds

$125,440,000 Series 2019B Tax-Exempt Fixed Rate Bonds About University of Kansas Hospital Authority (“KUHA”) The University of Kansas Hospital Authority (“KUHA”) is a Kansas nonprofit corporation organized to own and operate the University of Kansas Hospital (the “KU Hospital”). The mission of KUHA is to improve the health of Kansans and to provide patient care … Continued

M&A Activity Report Q3 2019

27 Change of Control Transactions Target Beds: Average 180; Median 100 Target Rev. ($’s MM): Average $242; Median $70 Total Number of Announced Transactions 2013 – Q3 2019 Number of Announced Hospital Change of Control Transactions 2009 – Q3 2019 Q3 2019 recorded 27 announced transactions, exceeding the trailing four-quarter average for the first time since Q1 … Continued