Additionally, Moody’s affirmed the “Baa2” rating on Virginia Mason Medical Center’s parity debt, affecting $312M of revenue bonds.
The affirmation and assignment are a result of several factors, including the medical center’s strong market position, wide variety of services and unique value proposition. Moody’s also acknowledged VMMC’s historically variable margins, heavy debt burden and expired HMO contract with Group Health Cooperative.
The outlook is stable, reflecting Moody’s expectation that the medical center will see continued improvements in balance sheet metrics and operating performance.
More articles on healthcare finance:
Cincinnati Children’s Hospital CEO: City council’s request for more money is unacceptable
Molina Healthcare to close Michigan clinic, lay off 120
Tennessee inmate health contract could cost more than $473M
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
