Dueling multi-million dollar lawsuits filed within the past week pit Shields Health Solutions, LLC, a co-venture with UMass Memorial Health Ventures, Inc., its co-founder, Jack Shields, Sr. against former company president Tom Guilfoile.
UMass Memorial Health Care issued bonds that will save the organization just shy of $25 million dollars in a refinancing move officials say could not have been carried out at a more perfect time.
After two years in a lower-rated category, UMass Memorial Health Care has been returned to investment grade status by two separate bond rating agencies.
Fitch Ratings has issued an 'A-' rating to UMass Memorial Health Care as the Central Massachusetts healthcare system seeks to raise $177 million to pay for facility upgrades and refinance existing debt.
The University of Massachusetts Medical School has declined to comment on a report that a Veterans Administration (VA) health care facility proposed for construction on campus may not come to fruition.