The potential ratings downgrade is based on several factors, including the hospital’s continued operational challenges and deteriorating operating performance during the first nine months of fiscal year 2017.
The agency’s review of the hospital will involve an analysis of the facility’s legal documents, liquidity profile and run-rate operating performance. Moody’s will also consider the hospital’s recent decision to affiliate with West De Moines, Iowa-based Mercy Health Network.
More articles on healthcare finance:
Fitch affirms ‘AA-‘ rating on Greenville Health System’s bonds
Fitch withdraws rating on St. Anthony’s Medical Center’s bonds
Fitch affirms ‘A-‘ rating on South Lake Hospital’s bonds
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
