4 hospitals receive credit downgrades in past month

Ayla Ellison (Twitter) -

Four 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:

  • Alliance (Ohio) Community Hospital — from BBB- to BB+ (S&P)
  • Baptist Healthcare System (Louisville, Ky.) — from A2 to A3 (Moody's)
  • Fremont-Rideout Health Group (Marysville, Calif.) — from A3 to Baa2 (Moody's)
  • UF Health-Jacksonville (Fla.) — from BBB+ to BBB (Fitch)

 

More articles on healthcare finance:

Georgia hospital to reopen after securing last-minute buyer
How Vanderbilt University Medical Center is using clinical evidence to drive down costs
Hospital CFOs' top concerns for 2016

 

Editor's note: This story was updated Dec. 16 to reflect Fremont-Rideout Health Group was downgraded to Baa2.

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