TITLE

Provena Health Reaches Fine-Free Settlement With IRS

AUTHOR(S)
Duff, Susanna
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/5/2003, Vol. 343 Issue 31586, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the settlement reached by Illinois-based health system provider Provena Health with the U.S. Internal Revenue Service (IRS) that ends an audit of $168 million in variable-rate bonds issued by the company. Terms of the settlement; Plans of Provena Health to redeem its bonds; Significance of the settlement for bondholders; Hospitals cleared by IRS without a penalty or a requirement to restructure debts.
ACCESSION #
9302642

 

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