6 latest hospital credit rating downgrades

The following six hospital and health system credit rating downgrades occurred since June 1. They are listed below in alphabetical order.

Advertisement

1. Care New England (Providence, R.I.) — from “BB” to “BB-” (Fitch Ratings); from “BB-” to “B+” (S&P Global Ratings) 

2. Holy Redeemer Health System (Meadowbrook, Pa.) — from “Ba1″ to Ba2” (Moody’s Investors Service); from “BBB-” to “BB+” (Fitch Ratings) 

3. Indiana (Pa.) Regional Medical Center — from “Baa2” to “Baa3” (Moody’s Investors Service) 

4. Mon Health (Morgantown, W.Va.) — from “BBB+” to “BBB” (S&P Global Ratings)

5. Nuvance Health (Lagrangeville, N.Y.)  — from “A3” to “Baa2” (Moody’s Investors Service) 

6. Virginia Mason Medical Center (Seattle)  — from “BBB” to “BBB-” (S&P Global Ratings) 

More articles on healthcare finance:
Trinity Health furloughs, lays off another 1,000 workers
Saint Luke’s Health System to close Kansas hospital
Elective surgery pause in Texas is bad credit news for hospital operators

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.