10 hospitals receive credit downgrades in past month

Ten hospitals and health systems received a credit downgrade during the past month, according to a report from HFA Partners.

The hospitals and health systems receiving credit downgrades included the following:

1. Baptist Health South Florida (Miami) — from Aa2 to Aa3 (Moody's)

2. Bethesda Healthcare System (Boynton Beach, Fla.) — from Baa1 to Baa2 (Moody's)

3. Good Shepherd Health System (Longview, Texas) — from Ba3 to Caa1 (Moody's)

4. Loma Linda (Calif.) University Medical Center — from BB+ to BB (S&P)

5. Northeast Ohio Medical University (Rootstown) — from A- to BBB+ (S&P)

6. Ohio Valley General Hospital (Kennedy Township, Pa.) — from Ba3 to B2 (Moody's)

7. Presence Health Network (Chicago) — from BBB+ to BBB- (S&P); from BBB+ to BBB (Fitch)

8. South Shore Hospital (Weymouth, Mass.) — from A- to BBB+ (Fitch)

9. T.J. Samson Community Hospital (Glasgow, Ky.) — from BBB to BBB- (S&P)

10. Wellstar Health System (Atlanta) — from Aa3 to A2 (Moody's)

More articles on healthcare finance:

4 Louisiana safety-net hospitals at risk of closure
Major health systems, payers make progress toward value-based payment goal
South Dakota hospital set to lose Medicare status

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