- $283.3 million of series 2012A bonds
- $75 million of series 2009B bonds
- $66.8 million of series 2009C bonds
The rating downgrade is based on a number of factors, including WakeMed’s negative operating margin in fiscal year 2015 and its location in a competitive service area.
The outlook has been revised to stable from negative.
More articles on healthcare finance:
5 latest hospital bankruptcies, closures
NYC budget includes $700M boost for public hospitals
Bipartisan health spending bill passes appropriations committee
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.