The downgrades reflect Moody’s concern that Premier Health Partners, which owns Miami Valley Hospital, will face greater uncertainty from declining volume trends and weak operating performance in 2017 and 2018.
Operating challenges for the system will include the July 2018 closure of Good Samaritan Hospital and its eight-month exclusion from UnitedHealth’s network in 2017.
The rating outlook remains negative.
More articles on healthcare finance:
Ohio hospital faces closure after losing Medicare certification
Pennsylvania hospital employees work without pay
HCA reportedly selling $1B in debt to aid Mission Health acquisition
