The rating downgrade is based on several factors, including LGH’s weakened financial performance over the past year and reduced liquidity levels.
The outlook is revised to negative from stable.
More articles on healthcare finance:
8 recent hospital outlook and credit rating actions
For-profit hospital stock report: Week of Jan. 11-15
Missouri hospital ceases operations: 5 things to know
Register to Attend Webinar
Presenters:
Kyle Snider, MemorialCare|Michael Hopkins, Northwestern Memorial Hospital|Dameka Miller, Trinity Health|Ginger Sharp, Legacy Health|Kellan Tittle, MBA, People Incorporated Mental Health Services
Next Up in Financial Management
-
CMS Administrator Mehmet Oz, MD, is urging employers to consider an alternative to traditional group health plans that allows workers…
-
Dallas-based Baylor Scott & White Health reported operating income of $1.5 billion (8.3% margin) during the fiscal year ending June…
-
With Morgantown, W.Va.-based WVU Medicine continuing to expand its footprint across West Virginia, Pennsylvania, Ohio and Maryland, its revenue cycle…
Join the 500,000+ healthcare executives who start their day with Becker's
Becker's Hospital Review Newsletter is sent Monday–Sunday.
