Moody’s affirms ‘Baa1’ rating for Terrebonne General Medical Center

 
Moody’s Investors Service affirmed its “Baa1” rating for Houma, La.-based Terrebonne General Medical Center, affecting $37 million of outstanding revenue bonds.

Advertisement

The affirmation is supported by Moody’s expectation that the hospital will maintain its strong market position and show continued improvement in operating performance.

The rating outlook has been revised from negative to stable.

More articles on healthcare finance:

Hospital leaders share how they’re thriving amid healthcare’s transition
For-profit hospital stock report: Week of March 18-22
Rural Virginia hospital sees earnings nearly double after expanding specialty services

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.