Moody’s downgrades Gwinnett Hospital System revenue certificates to ‘Baa1’

Moody’s Investors Service downgraded Lawrenceville, Ga.-based Gwinnett Hospital System’s revenue certificates from “A3” to “Baa,” affecting $132 million of rated debt.

Advertisement

The rating reflects Moody’s expectation that the system will continue to experience weakened financial performance until its merger talks with Atlanta-based Northside Hospital are resolved.

The rating outlook has been 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

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.