Moody's affirms Concord Hospital's 'A2' rating

Moody's Investors Service has affirmed Concord (N.H.) Hospital's "A2" rating, affecting $80.4 million of rated bonds.

The rating affirmation is supported by CH's leading market share in a demographically favorable primary service area and Moody's expectation of improved performance going forward given the June 2014 settlement with the state over Medicaid disproportionate share funding.

The system outlook is stable, reflecting Moody's belief that CH will continue to produce consistent results and improve balance sheet and debt measures.

More articles on finance:
5 most-read finance stories: Week of Aug. 10-14
IASIS Healthcare suffers $1.7M loss in Q3
Medicare's voluntary bundled payment program grows by 2,100 participants 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>