Moody’s affirms North Memorial Health’s and Maple Grove Hospital’s ‘Baa1’ rating

Moody’s Investors Services affirmed the “Baa1” ratings for Robbinsdale, Minn.-based North Memorial Health Care and and Maple Grove (Minn.) Hospital’s outstanding revenue bonds, affecting a combined $162 million of debt.

Advertisement

The rating reflects North Memorial Health’s leading market share in northwest Minneapolis, wide array of clinical services and sufficient liquidity. Management also has implemented several strategies to control expense growth that will favorably affect performance.

The rating outlook was revised from stable to negative.

More articles on healthcare finance:

RCM tip of the day: Train your staff
AHA, HHS present court arguments on Medicare appeals backlog: 7 things to know
Black Book’s top 25 RCM software and technology vendors in 2018

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.