Moody's affirms 'A3' rating for Tower Health

Moody's Investors Service affirmed West Reading, Pa.-based Tower Health's "A3" rating, affecting $946 million of debt outstanding.

The rating reflects the system's strong market position and historically solid operating platform, which are offset by its high financial leverage.

The rating outlook remains negative.

More articles on healthcare finance:

How millennial healthcare revenue cycle professionals feel about their employers
Nonprofit hospitals will continue to struggle in 2019, Fitch says
Texas hospital bills wrong patient nearly $13K

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months