39 hospitals get negative rating outlook from S&P amid pandemic

S&P Global Ratings has revised the rating outlook for 39 hospitals to negative from stable due to the financial hit caused by the COVID-19 pandemic.

Advertisement

The affected hospitals have speculative-grade ratings or have about 100 days’ cash on hand or less, S&P said.

A negative outlook reflects S&P’s view that there is a 33 percent chance that operating and economic conditions will worsen to a degree that will cause a rating downgrade. 

Below are the 39 hospitals or obligated groups, and their current rating:

1. Atrius Health (Auburndale, Mass.) — “BBB”
2. Bibb County Healthcare Authority (Centreville, Ala.) — “BB”
3. Dawson County Hospital District (Lamessa, Texas) — “CCC”
4. Delta (Colorado) County Memorial Hospital District — “BB”
5. Ector County Hospital District (Odessa, Texas) — “BBB”
6. Genesis HealthCare System (Zanesville, Ohio) — “BB+”
7. Grand River Hospital District (Rifle, Colo.) — “BB+”
8. Griffin Health Services (Derby, Conn.) — “BB+”
9. Guadalupe Regional Medical Center (Seguin, Texas) — “BB”
10. Hardin Memorial Hospital (Elizabethtown, Ky.) — “A-“
11. Holy Name Medical Center (Teaneck, N.J.) — “BBB”
12. Jackson Hospital and Clinic (Montgomery, Ala.) — “BBB-“
13. Jefferson County Public Hospital District No. 2 (Port Townsend, Wash.) — “BB+”
14. Jennie Stuart Medical Center (Hopkinsville, Ky.) — “BB+”
15. Lifespan (Providence, R.I.) — “BBB+”
16. Loma Linda (Calif.) University Medical Center — “BB-“
17. Madison Memorial Hospital (Rexburg, Idaho) — “BB+”
18. Milford (Mass.) Regional Medical Center — “BB+”
19. Mohawk Valley Health System (Utica, N.Y.) — “BB+”
20. National Jewish Health (Denver) — “BB+”
21. Nicholas H. Noyes Memorial Hospital (Dansville, N.Y.) — “BB”
22. North Oaks Health System (Hammond, La.) — “BB+”
23. Oak Valley Hospital District (Oakdale, Calif.) — “BB”
24. Opelousas (La.) General Hospital Authority — “BB+”
25. Oroville (Calif.) Hospital — “BB+”
26. OU Medicine (Oklahoma City) — “BB+”
27. Palomar Health (Poway, Calif.) — “BBB”
28. Pomona (Calif.) Valley Hospital Medical Center — “BBB”
29. Pullman (Wash.) Regional Hospital — “BBB-“
30. Rochester (N.Y.) General Hospital — “A-“
31. Ryder Memorial Hospital (Humacao, Puerto Rico) — “CCC”
32. Samaritan Medical Center (Watertown, N.Y.) — “BBB-“
33. Southeastern Regional Medical Center (Lumberton, N.C.) — “BBB+”
34. SoutheastHealth (Cape Girardeau, Mo.) — “BBB-“
35. Southwest Louisiana Hospital Association (Lake Charles) — “BB+”
36. Temple University Health System (Philadelphia) — “BBB-“
37. Westchester County Health Care Corporation (Valhalla, N.Y.) — “BBB-“
38. White River Health System (Batesville, Ark.) — “BBB-“
39. Winkler County Hospital District (Kermit, Texas) — “BB+”

More articles on healthcare finance:
Hospital CEOs blast distributing stimulus funds based on Medicare revenue
Mayo Clinic projects $900M shortfall, implements cost-cutting measures
State-by-state breakdown of 354 rural hospitals at high risk of closing

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.