When embattled health insurer Moda Health Plan Inc. launched a high-stakes hunt for money in 2014, deep-pocketed help came not from Wall Street or the capital markets but atop Portland's Pill Hill.
Oregon Health and Science University stepped up with an unprecedented $50 million loan to shore up Moda's sagging financial condition. It was the largest such transaction in OHSU's history and, as the institution is learning, one of the riskiest.
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