Reuters reports on financial troubles for one major Peoria Corporation...

Here's something I found interesting --
a Reuters article details a serious financial problem one of the largest local (Peoria) corporations just went through.

Methodist Hospital - doing business as Methodist Medical Center of Illinois, tried raising revenue in 2010 by issuing bonds, but in the transaction, they lost $27.2 million.

In order to remain solvent (and possibly avoid bankruptcy) they needed to raise more money and issue more bonds, but in the face of an adverse bond rating -- they had to make a different move.
Thus they sold out to a major hospital management corporation -
a major, multimillion dollar operation out of Iowa and cut ties with their CEO.
Thus once they are managed and owned by the Iowa Health Systems, who have a "AA" bond rating", then MMCI finally gets a decent bond rating of "A" and issues $60 million in new bonds...

In the end MMCI appears to have barely avoided insolvency or bankruptcy by selling and becoming part of a bigger and more solvent operation but in the process loses local control and is now managed by the Iowa corporation, and no longer has a Methodist CEO.

Most people know the MMCI CEO who is regularly at just about every Bradley function.



Bradley has been following Jelani Neely -
http://yourseason.suntimes.com/home/6858980-390/simeons-neely-suffers-acl-tear.html



Even more writers saying if there's an NCAA rule that Duke broke then the rule is silly --
http://eye-on-college-basketball-recruiting.blogs.cbssports.com/mcc/blogs/entry/29884776/31079385