8 hospitals receive credit downgrades in past month

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

Advertisement

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

  • Brazosport Regional Health System (Lake Jackson, Texas)— from BB+ to BB (S&P)
  • East Liverpool (Ohio) City Hospital — from B2 to Caa1 (Moody’s)
  • Floyd Memorial Hospital (New Albany, Ind.) — from BBB to BBB- (S&P)
  • MaineGeneral Medical Center (Augusta) — from Ba1 to Ba2 (Moody’s)
  • Memorial Hospital at Gulfport (Miss.) — from A2 to A3 (Moody’s)
  • Metropolitan Health Corp. — (Wyoming, Mich.) from BB+ to BB (S&P)
  • Parish Medical Center (Titusville, Fla.) — from A- to BBB+ (S&P)
  • Phoebe Putney Memorial Hospital (Albany, Ga.) — from AA- to A+ (S&P)

 

More articles on healthcare finance:

50 things to know about healthcare costs
UPMC Health Plan joint venture prices IPO 
White House: Expanding Medicaid could save $4.5B and 5,220 lives in 2016

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.