S&P places Samaritan Healthcare on CreditWatch Negative

S&P Global Ratings placed Des Plaines, Ill.-based Samaritan Healthcare's general obligation bonds on CreditWatch Negative. The bonds are currently rated "BBB+."

The credit watch placement is a result of Samaritan Healthcare's inability to provide S&P will timely and sufficient information, according to the debt rating agency.

The credit watch is expected to be resolved in 90 days. 

More articles on healthcare finance:
Steward Health Care withholds financial information amid growth
Analysis: HCA, Tenet see uncompensated care costs rise this year
Financial updates from Advocate Health Care, Cleveland Clinic & 3 other systems

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months