Michigan's Beaumont Hospital to Sell $82 Million of Auction-Rates

Carvlin, Elizabeth
May 2003
Bond Buyer;5/13/2003, Vol. 344 Issue 31634, p32
Trade Publication
William Beaumont Hospital, located in the Michigan's Detroit area's highly competitive health care market, is planning to sell 82 million dollars worth of insured auction-rate hospital revenue notes in the first of two such sales the system has planned for 2003. Its debt is issued by the Royal Oak Hospital Finance Authority. The hospital faces challenges in the next several years that may prevent the cash flow growth officials had anticipated from materializing. The hospital, which had operating revenue of 284 million dollars in fiscal 2002, plans to issue 35 million dollars worth of revenue bonds through the Flint Hospital Building Authority, about 23.5 million dollars of which will refund outstanding debt.


Related Articles

  • Operating budget practices in the US club industry: A comparative study, 1986–2006. Schmidgall, Raymond S.; Singh, Arjun J. // Journal of Retail & Leisure Property;Jul2007, Vol. 6 Issue 3, p231 

    A key financial yardstick to measure operating performance is a statement of forecasted revenues and expenses, captured in the operating budget of a hospitality business. Club Managers prepare operating budgets as part of their forecasting and planning exercise. The preparation process and...

  • Redesigning the Revenue Cycle. Befts, Peter J.; Timothy, H. // Healthcare Executive;Jul/Aug2005, Vol. 20 Issue 4, p44 

    The article focuses on comprehensive revenue cycle reengineering that can dramatically improve operating margins of hospitals. When operating at peak performance, a hospitals revenue cycle can dramatically improve operating margins, even for hospitals that are already doing well financially....

  • Micro budget work to begin. Czurak, David // Grand Rapids Business Journal;12/21/2009, Vol. 27 Issue 52, p6 

    The article discusses the anticipated cuts in the operating budget of the city departments in Grand Rapids, Michigan. It is stated that the city's projected deficit reached the highest level in one fiscal year amounting to 27.4 million U.S. dollars and needs create revenue and lessen its...

  • NEW YORK: Erie Board Offers Advice. Phillips, Ted // Bond Buyer;12/1/2008, Vol. 366 Issue 33013, p9 

    The article offers information on the recommendations offered by the Erie County Fiscal Stability Authority in New York in 2008. The authority recommended 11 actions to save the county $16.5 million after it had refused the proposed $1.03 billion 2009 operating budget of the county executive....

  • Boosting the BOTTOM LINE. Fea, Sue // Hospitality (11724285);Dec2011, Vol. 47 Issue 12, p11 

    The article discusses advancements in technology that can help hospitality industry operators save time, money, and increase bottom line. It states that most hospitality operators are overlooking new technologies in an effort to cut operating costs, however technologies such as smartphones,...

  • Howard's way.  // Hotel & Accommodation Management;Aug2012, Vol. 16 Issue 4, p32 

    The article offers the author's insight on the tools used by general managers (GMs) to generate forecast based on the approved gross operating profit (GOP) and measures GM's productivity improvement.

  • Urban hospital finds ways to meet costs. Jones, Arthur // National Catholic Reporter;3/19/2004, Vol. 40 Issue 20, p5 

    Reports on the fund raising effort of Saint Francis Medical Center in Lynwood, California. Infrastructure cost of high quality trauma center; Balance between operating budget and the health care for sick and dying people; Outreach-to-all approach in the operation of the Catholic hospitals.

  • Linking Operating Margin to Payer Contracting. Kaufman, Nathan // Trustee;Jul2005, Vol. 58 Issue 7, p29 

    Explores several ways hospitals can effectively negotiate with insurance companies, as a form of adding to its operating margin. Significance of capital to a hospital; Primary sources for a hospital's capital; Primary criteria being used by the debt market for determining the amount and price...

  • Authority next to adjust its budget. Czurak, David // Grand Rapids Business Journal;2/23/2009, Vol. 27 Issue 8, p9 

    The article reports on the plan of the Convention and Arena Authority (CAA) in Grand Rapids, Michigan to adjust its operating budget in February 2009. The changes in the revenue estimates from the Van Andel Arena and DeVos Place, which CAA operates, are expected to reduce the total operating...


Read the Article


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

Try another library?
Sign out of this library

Other Topics