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.
More articles on healthcare finance:
Seattle Children’s posts strong earnings for FY 2014
From JPMorgan to Harvard, how the ‘Cadillac’ health plan tax is affecting employees
5 hospital CFOs in the headlines this week
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
