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- Cost of doing business; Not-for-profits hasten to leave auction-rate securities.(The Week in Healthcare)
- Byline: Melanie Evans Not-for-profit healthcare's exodus from the formerly popular auction-rate securities market is under way in earnest. The credit turmoil roiling the banking industry and bond insurers has upended borrowing by hospitals who issued long-term debt to short-term investors through...
- Research articles 2008-03-24
- Fitch Assigns 'F1+' S-T Rating to $713.2MM Ascension Health Bonds; Affirms 'AA+' L-T Ratings
- NEW YORK -- Fitch Ratings has affirmed the 'AA+' long-term rating and assigns an 'F1+' short-term rating to approximately $713.2 million of outstanding senior revenue bonds issued on behalf of Ascension Health Credit Group see below for a complete listing. The Rating Outlook is Stable. Ascension Health Credit Group...
- Research articles 2008-03-17
- Fitch Affirms Ascension Health's Sr Bonds at 'AA+' and 'AA+/F1+'; Outlook Stable
- NEW YORK -- Fitch Ratings affirms the 'AA+' and 'AA+/F1+' rating on Ascension Health's Ascension $3.7 billion outstanding senior revenue bonds. The 'AA' on Ascension's $602 million outstanding subordinated bonds is also affirmed. The ratings are underlying ratings, given without consideration of credit enhancement in place for certain issues. The...
- Research articles 2008-02-11
- Three Catholic systems launch $200 million venture capital fund.(Late News)(Ascension Health)(Catholic Health Initiatives)(Catholic Health East)(Brief article)
- Ascension Health, St. Louis, Catholic Health Initiatives, Denver, and Catholic Health East, Newtown Square, Pa., announced a $200 million venture capital fund, CHV II, which will invest in later-stage healthcare device, technology and service companies and healthcare venture funds. The fund is the second for Ascension...
- Research articles 2007-10-08
- Pointed commitment; Sharp HealthCare's Murphy has made IT advancement a 'personal obligation'.(Michael Murphy of Sharp Community Medical Group)
- Byline: Linda Wilson While the 700-plus members of Sharp Community Medical Group, an independent practice association, spent nine months evaluating electronic medical record products, Michael Murphy, president and chief executive officer of Sharp HealthCare, didn't try to control the process. ...
- Research articles 2007-06-25
- Supplying faith; GPOs seeking even stronger ties to Catholic hospitals, health systems.(group purchasing organizations)
- Byline: Melanie Evans Catholic healthcare may soon emerge as the latest battleground for the industry's heavy-hitting group purchasing organizations. Two giant companies that negotiate billions of dollars in contracts on behalf of hospitals-Charlotte, N.C.-based Premier and Schaumburg, Ill.-based Consorta-already tout existing...
- Research articles 2007-03-26
- Amendment: Fitch Rates Ascension Health's Sub Bonds 'AA-/F1+'; Affirms Outstanding Debt at 'AA/F1+'
- NEW YORK -- (This amended release reflects changes in bond descriptions and par amounts that occurred subsequent to the Jan. 7, 2005 release.) Fitch Ratings has assigned a long-term rating of 'AA-' to Ascension Health's $612 million 2005 subordinate bonds listed below. Fitch has also assigned an 'F1+' short-term...
- Research articles 2005-02-02
- Fitch Rates Ascension Health's Sub Bonds at 'AA-'; Affirms Outstanding Debt at 'AA'
- NEW YORK -- Fitch Ratings has assigned a long-term rating of 'AA-' to Ascension Health's $650 million 2005 subordinate bonds listed below. Fitch has also assigned an 'F1+' short-term rating to the series 2005 issues listed below. In addition, Fitch affirms approximately $3.6 billion of outstanding debt at 'AA' or...
- Research articles 2005-01-07
- United Surgical Partners International Joint Ventures with Ascension Health to Develop Surgical Facilities
- DALLAS -- United Surgical Partners International, Inc. (NASDAQ/NM:USPI) today announced that it has entered into an agreement to develop ambulatory surgical facilities with Ascension Health, the nation's largest Catholic health system and America's largest nonprofit health system.
- Research articles 2004-09-09
- In the spotlight.(News Makers)
- * Ascension Health, St. Louis, says it has filled the COO position left vacant when Anthony Tersigni was named president and CEO of the nation's largest Catholic healthcare system, which has 67 hospitals. The new COO is Robert Henkel, who joined Ascension in 1998. ...
- Research articles 2004-07-19
- Late News; Feds probe 3 W.Va. hospitals.(Bluefield Regional Medical Center)(Charleston Area Medical Center)(Princeton Community Hospital)
- The Justice Department opened an antitrust investigation into a heart and cancer-care agreement between three West Virginia hospitals. The probe was disclosed as the American Hospital Association requested that federal agencies ease up on their antitrust scrutiny of hospitals (See story, p. 8). The hospitals are...
- Research articles 2004-06-21
- Ascension Health selects SoftMed Systems Inc. as technology partner
- St. Louis-based Ascension Health, the nation's largest Catholic nonprofit health system, selected SoftMed Systems Inc., a Silver Spring-based provider of health care information software and services, as its technology partner, under which SoftMed will offer preferred prices to Ascension Health's facilities in 20 states and the District of Columbia.
- Research articles 2003-05-06
- Fitch Rates Ascension Health — Missouri — $500M CP 'F1+'
- Business Editors NEW YORK--BUSINESS WIRE--Nov. 26, 2002 Ascension Health's Ascension $500 million taxable commercial paper notes, the first tranche of which will be issued on Dec. 5, are rated 'F1+' by Fitch Ratings. The notes, which will have various maturities not to exceed 270 days, will be issued...
- Research articles 2002-11-26
- St. Louis IDN reinvents supply chain step by step. (Contracting Strategies).(Ascension Health contract with Medline Industries)(Statistical Data Included)
- Ascension Health, St. Louis, expects to save at least $43 million on medical-surgical supplies over the next five years, thanks to its new distribution contract with Medline Industries, Mundelein, Ill. But that is only part of the story. The distributor deal represents...
- Research articles 2001-11-01
- Medline Industries Inc - Brief Article
- Medline Industries Inc., Mundelein, Ill., and Ascension Health signed a $650 million cost management, supply-distribution agreement under which Medline will become the health system's primary supplier and distributor of medical and surgical products. Ascension health is the largest not-for-profit health system in the United States. As part of...
- Research articles 2001-07-01
- HOSPITAL PURCHASING.
- * Mass. General begins upgrade program for monitoring, pulse oximetry devices Massachusetts General Hospital, Boston, 855 beds, has embarked on a program to upgrade its patient monitoring and pulse oximetry equipment. Since March the hospital has been installing equipment from Masimo, ...
- Research articles 2001-06-01
- Hospital industry's March madness; Six systems across the nation launch massive restructuring strategies.(Catholic Healthcare West)(University of Pennsylvania Health System)(HCA-The Healthcare Co.)(Sisters of Charity of St. Augustine Health System)(Brief
- A wave of reorganizations is washing over the hospital industry. Both not-for-profit and for-profit systems are rejiggering operations, streamlining governance, remaking executive ranks or unwinding partnerships. Since last month, at least six systems stretching from coast to coast have an-nounced major reorganization plans. ``It's fairly...
- Research articles 2001-03-26
- Ascension considers UM center affiliation.(University of Michigan Comprehensive Cancer Center)(Ascension Health)(Brief Article)
- The University of Michigan Comprehensive Cancer Center in Ann Arbor is close to landing another prize partner in its growing network of community hospital affiliates. The Great Lakes division of Ascension Health, parent company of St. John Health System in Detroit, hopes by next quarter to...
- Research articles 2000-12-11
- St. John Health System awarded millions for metro Detroit's uninsured and underinsured: SJHS parent organization, Ascension Health matches nearly $3 million in federal grants awarded for uninsured
- Michigan Chronicle 10-31-2000 St. John Health System awarded millions for metro Detroit's uninsured and underinsured: SJHS parent organization, Ascension Health matches nearly $3 million in federal grants awarded for uninsured Department of Health and Human Services Secretary Donna E. Shalala announced...
- Research articles 2000-10-31
- Tersigni to quit St. John to focus on Ascension duties.(executive changes at St. John Health System (Detroit))(Brief Article)
- Anthony Tersigni intends to resign as president and CEO of St. John Health System in Detroit in the coming months to handle additional responsibilities with St. John Health's parent company, Ascension Health. Tersigni was promoted in June to head the $2.3 billion Great Lakes Division of...
- Research articles 2000-08-28
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