Provena Health Reaches Fine-Free Settlement With IRS

Duff, Susanna
March 2003
Bond Buyer;3/5/2003, Vol. 343 Issue 31586, p4
Trade Publication
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.


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