Fitch lifts Condell Medical Center, Ill., watch to positive

Fitch Ratings said it revised the rating watch to positive from negative on the following bonds currently rated BBB and issued on behalf of Condell Medical Center:

• $53.95 million Illinois Health Facilities Authority revenue bonds, series 2002;

• $75.955 million Illinois Health Facilities Authority revenue bonds, series 2000.

The rating watch revision reflects the announcement by Advocate Health Care Network and Condell that they have signed a definitive agreement that would lead to Condell Health Network integrating into Advocate Health Care Network.

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