Moody’s affirms Cullman Regional Medical Center’s ‘Ba1’ bond rating

Moody’s Investors Service has affirmed the “Ba1” rating on Cullman (Ala.) Regional Medical Center’s series 2009A bonds, affecting $64 million in debt.

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The rating affirmation was supported by a number of factors, including, CRMC’s good operating performance for the past two years, status as a sole community provider and increasing balances.

The rating affirmation was also supported by the medical center’s engagement with A1-rated Huntsville (Ala.) Healthcare Authority to manage CRMC’s revenue cycle.

CRMC also faces some challenges, such as its declining patient volumes, challenging payer mix and high debt load.

 

 

More articles on healthcare finance:
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Moody’s revises Willis-Knighton Medical Center’s outlook to positive

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