The downgrade is a result of several factors including ETMC’s quick financial depreciation, increased competition, challenges navigating payer shifts and under utilization of its network of rural hospitals.
The bonds have been placed on Rating Watch Negative.
More articles on healthcare finance:
Municipal hospital bonds see gains as ACA repeal lags
Vendors threaten to cut off Illinois critical access hospital as budget impasse continues
6 largest gifts from individuals to healthcare organizations in 2017
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.
