The hospital’s strengths were considered for the rating affirmation, including its strong operating performance and dominant market position. Middlesex has a 51 percent market share, which is the largest share in its primary service area.
The hospital also faces some challenges, which were considered for the rating affirmation, such as experiencing a decline in inpatient admissions.
The hospital’s rating outlook is currently stable, which is based on Moody’s expectation that “Middlesex will continue to generate good cash flow supporting capital spending and pension funding plans,” among other things.
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