Moody's revises Indiana Regional Medical Center's outlook to negative

Alia Paavola - Print  | 

Moody's Investors Service affirmed its "Ba1" rating of Indiana (Pa.) Regional Medical Center, affecting $23.6 million of debt. Concurrently, the medical center's outlook was revised to negative from stable.

The affirmation is a result of several factors, including the hospital's status as a community provider, favorable revenue growth and ample liquidity position. Moody's negatively viewed the hospital's small size and limited financial flexibility.

The outlook is negative, reflecting the hospital's volume declines and weaker operations in fiscal year 2018, coupled with the hospital's plan to take on more debt.

More articles on healthcare finance:
Moody's: Margin contraction puts nonprofit hospitals on unsustainable path
Tennessee health system lands in bankruptcy after acquiring 3 hospitals from CHS
Financial updates from Kaiser, Mayo, UPMC + 6 other systems

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.