Bonds for McLeod Regional in South Carolina Rated AA- With Outlook Stable
Fitch Ratings has assigned an AA- rating with outlook stable to McLeod Regional Medical Center in Florence, S.C., for a total of $127 million in new bonds, according to a release from Fitch.Although the 371-bed hospital operates in "a competitive and somewhat economically depressed area," it has been "a consistently strong operator," generating "steady measurable growth in liquidity via consistent and solid operating cash flow," Fitch stated.
McLeod is the primary provider of tertiary medical services within a 12-county service area. It has consistently generation of operating profitability and cash flow and has demonstrated consistent top-line revenue growth, averaging 7 percent a year from 2005-2009.
Read the Fitch Ratings release on McLeod Regional Medical Center.
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,369.38 Trade time:4:03PM EDT Value change:▼73.11 (-0.59%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,778.79 Trade time:5:16PM EDT Value change:▼34.90 (-1.24%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,295.22 Trade time:4:33PM EDT Value change:▼9.64 (-0.74%)Channels