Securities backed by healthcare receivables.
Prudential Securities has placed $40 million in medium-term, taxable notes believed to be the first AAA-rated securities backed by healthcare receivables. Standard & Poor's Corp. rated the three-year notes, which were issued by NPF III, an Ohio company created to buy receivables from cash-strapped providers, and are backed by the Medicare, Medicaid and insurance receivables of 21 hospitals and healthcare providers nationwide.
Pallarito
K
K
D000067:Accounts Payable and Receivable; D002202:Capital Financing / Q000639:trends*; D005377:Financial Management, Hospital; D007449:Investments / Q000592:standards / Q000639:trends*; D014481:United States