Fitch affirms Wright Memorial Hospital’s bonds

Fitch Ratings has affirmed the “BBB-” rating on Trenton, Mo.-based Wright Memorial Hospital’s series 2009 health facilities revenue bonds, affecting $28.6 million issued by Grundy County Industrial Development Authority.

Advertisement

The affirmation was based on a number of factors, including WMH’s improved operating performance and its affiliation with Kansas City, Mo.-based St. Luke’s Health System.

The rating could be pressured by a significant material decline in SLHS’ credit profile. It could also be pressured if WMH and SLHS discontinue their relationship.

The rating outlook is stable.

More articles on finance:
What 10k new Medicare enrollees a day means for healthcare
Mean reference price for 6 common services and procedures
Moody’s affirms Georgetown Hospital System’s bond rating: 4 things to know

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.