Michigan hospital, already in credit trouble, faces federal probe

Ward, Andrew
January 1999
Bond Buyer;01/13/99, Vol. 327 Issue 30557, p3
Trade Publication
Reports that the Pontiac Osteopathic Hospital Medical Center in Detroit, Michigan is facing a federal probe into allegations that the hospital overcharged for care given to prisoners at the Oakland County jail in Michigan. Moody's Investors Service's placing of the hospital's Baa1 credit in its watch list, facing a potential downgrade; Current value of the hospital's outstanding revenue bonds.


Related Articles

  • Hospital's status at risk. Cantwell, Julie // Crain's Detroit Business;12/23/96, Vol. 12 Issue 52, p13 

    Reports that auditors from the United States' Internal Revenue Service, asked to review the financial records of Pontiac Osteopathic Hospital. Name of former chief executive officer of Pontiac; Reason for the proposal; What the hospital's board of trustees suggested.

  • Hospitals consolidate OB services. Raphael, Steve // Crain's Detroit Business;8/14/95, Vol. 11 Issue 33, p2 

    Reports two Pontiac-based hospitals, Pontiac Osteopathic Hospital and St. Joseph Mercy Hospital centralizing their obstetrical delivery services.

  • Despite Cost Control, Hospital Downgraded to Near-Junk Level. Wisniewski, Mary // Bond Buyer;02/06/2001, Vol. 335 Issue 31071, p40 

    Reports on Detroit, Michigan-based Pontiac Osteopathic Hospital's efforts to improve its financial health. Plans of the hospital to improve its cost control and volume by adding additional services; Downgrading of the hospital's credit by Moody's Investor Service.

  • Bringing health to health care.  // Crain's Detroit Business;06/23/97, Vol. 13 Issue 25, p6 

    Opinion. Looks at the ongoing conflict in medical care, involving Pontiac Osteopathic Hospital and Providence Hospital, against attempts by state regulators to block their applications for construction certificates of need. What state regulators decided in 1984; Characteristics of health care;...

  • The Lethal Ether.  // Time;12/10/1965, Vol. 86 Issue 24, p98 

    The article reports on the death of eight-year-old Kimberly Ann Bruneel following an appendectomy in Pontiac Osteopathic Hospital in Detroit, Michigan. According to the autopsy, an ether has been found on the lungs of the patient that has caused her death. It notes that Bruneel underwent...

  • Hospital: There's no IRS audit. Cantwell, Julie // Crain's Detroit Business;01/06/97, Vol. 13 Issue 1, p16 

    Claims that according to Partick Lamberti, newly appointed president and chief executive officer (CEO) of Pontiac Osteopathic Hospital, auditors from the Internal Revenue Service (IRS) have not asked to review the hospital's financial records. Whether the IRS can disclose if a company is being...

  • Prisoners' health care. Reed, Vita // Las Vegas Business Press;01/25/99, Vol. 16 Issue 4, p1 

    Reports on the plan of Nevada Governor Kenny Guinn to privatize the medical care services of the Nevada Department of Prisons' inmates. Details of the privatization plans; Opposition to Guinn's plan to privatize prisoners' health care services.

  • Kent County reveals legislative priorities. Czurak, David // Grand Rapids Business Journal;2/14/2011, Vol. 29 Issue 7, p9 

    The article reports on legislative priorities released by the Kent County Legislative Committee in Michigan, including the statutory revenue sharing and limiting the budget provided for medical care of prisoners at the Kent County jail.

  • Hays County Jail could privatize health care services for inmates.  // Hays Free Press (Buda, TX);11/14/2012, Vol. 110 Issue 33, p3A 

    The article informs that the Commissioners of Hays County, Texas has voted unanimously to move forward a bid process which could privatize the health care services for inmates and highlights that the contact for medical care services will be finalized on January 2, 2012.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics