Moody’s has also affirmed Health Quest’s outstanding “A3” ratings, affecting approximately $190 million of debt.
The rating assignment and affirmation are based on several factors, including Health Quest’s strengthened balance sheet and position as a leading provider in its primary service area.
Offsetting these strengths are Health Quest’s planned large capital projects and increasing competition in its service area.
The rating has been revised to negative from stable, reflecting Health Quest’s challenges regarding its future large-scale capital needs.
More articles on healthcare finance:
San Joaquin General reports better-than-expected financial picture for Q1: 3 key points
13 statistics on value-based purchasing — Top challenges by hospital type & geographic location
Mayo Clinic Q3 operating margin falls to 4.8% as labor costs grow
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
