TITLE

S&P: Chicago's Mercy Hospital Makes Payment, But Rating Stays Put

AUTHOR(S)
Shields, Yvette
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/23/2004, Vol. 349 Issue 31932, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Mercy Hospital and Medical Center in Chicago, Illinois used property sales to make an interest payment due July 1, 2004. Expectation that the hospital will fully replenish its debt reserves as it achieves liquidity levels to meet sufficient working capital minimums.
ACCESSION #
13925931

 

Related Articles

  • Mercy Strained. Shields, Yvette // Bond Buyer;4/7/2004, Vol. 348 Issue 31858, p37 

    Reports that Chicago, Illinois-based Mercy Hospital and Medical Center did not make its interest and principal payments that were due March 23, 2004. Debt outstanding of the hospital; Impact of the failure to pay on the hospital's rating or its debt service payments; Concerns about liquidity.

  • Intolerable Risk, Irreparable Harm: The Legacy Of Physician-Owned Specialty Hospitals. Kahn, Charles N. // Health Affairs;Jan/Feb2006, Vol. 25 Issue 1, p130 

    Issues of physician ownership and referral could cause major shifts in the structure of medical care and make the financing of U.S. hospital services problematic. The Medicare Prescription Drug, Improvement, and Modernization Act (MMA) of 2003 mandated research on this matter and applied an...

  • DVP.  // International Dictionary of Finance, 4th Edition;2003, p79 

    The full-form of the acronym DVP is presented. It stands for delivery versus payment.

  • Hospital Medicare margins increase.  // H&HN: Hospitals & Health Networks;3/20/95, Vol. 69 Issue 6, p18 

    Reports that hospitals' Medicare margin are on an upswing according to data released by the Prospective Payment Assessment Commission.

  • Bankrupt but open. Jaklevic, Mary Chris // Modern Healthcare;10/16/2000, Vol. 30 Issue 43, p50 

    Reports that South Cameron Memorial Hospital of Cameron, Louisiana that filed for bankruptcy will remain open under a debt repayment plan. Amount of hospital funds allegedly stolen by Joseph Soileau, former chief executive officer of the hospital; Debt of the hospital with the United States...

  • AHA seeks prompt Hill action on extending Medicaid moratorium. Bryant, Barbara // AHA News;1/21/2008, Vol. 44 Issue 2, p7 

    The article focuses on American Hospital Association's (AHA) renewed efforts to persuade U.S. Congress to extend the Medicaid moratorium which expires in late May 2008. This involves regulations that would reduce Medicaid funding by more than $5 billion over five years. It means restricting...

  • Officials: Moratorium on Maine's Hospitals Will Cause Drop in Issuance. Piazza, Johanna // Bond Buyer;7/09/2003, Vol. 345 Issue 31673, p3 

    Reports on the drop in health care issuance of hospitals in Maine following delay in bond sales caused by a moratorium on certificates of need for hospital capital improvement. Reason behind the introduction of new rules; Comments of deputy director for the governor's office of health policy...

  • DEBT LOAD. Roop, Elizabeth S. // H&HN: Hospitals & Health Networks;Jun2008, Vol. 82 Issue 6, p46 

    The article focuses on building a better payment plan for U.S. hospitals and their patients. As bad debt soars, hospitals are getting more aggressive about collecting payment for their services. Some strategies have generated controversy, others praise, but hospital leaders say they cannot...

  • The late, late late show.  // Printing World;11/11/2004, Vol. 288 Issue 8, p72 

    Reports that an unnamed Norwegian has finally decided to settle a bill he skipped twenty-four years ago at the Clarion Hotel Ernst in Great Britain.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics