The downgrade is based on numerous factors, including Care New England’s weakened financial profile.
Fitch also assigned a ‘BBB-” rating to Care New England’s $159 million of series 2016B and 2016C bonds.
The outlook is negative.
More articles on healthcare finance:
Ala. lottery bill to aid state financial pressures passes House on second vote
How-to series for starting a work from home medical business
The middle class’ dominant role in healthcare spending
Next Up in Financial Management
-
When the nearest hospital is miles away, critical access hospitals function as both everyday care providers and emergency rooms. These…
-
Chicago-based CommonSpirit recorded an operating loss of $544 million (-5.3% operating margin) before special charges in the first quarter of…
-
University of Miami Health System, known as UHealth, announced Medicare Advantage plans from Aetna, Preferred Care Network and Solis Health…
Join the 500,000+ healthcare executives who start their day with Becker's
Becker's Hospital Review Newsletter is sent Monday–Sunday.
