Fitch assigns 'BBB-' rating to Oaklawn Hospital's bonds

Fitch Ratings has assigned a "BBB-" rating to Marshall, Mich.-based Oaklawn Hospital's $79 million of series 2016 fixed rate revenue bonds.

The rating assignment is based on a number of factors, including Oaklawn's rebound in operating margins in fiscal years 2015 and 2016.

The outlook is stable.

More articles on healthcare finance:
Geisinger refunds patients $400k for 'uncompassionate care'
Parents charged $39 to hold baby after birth, itemized bill shows
How hospitals code superbugs has big impact on bottom line

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.