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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.