Moody’s revises Jackson Hospital and Clinic’s outlook to negative

Moody’s Investors Service affirmed the “Baa2” rating on Montgomery, Ala.-based Jackson Hospital and Clinic’s revenue bonds issued through the Medical Clinic Board of the City of Montgomery, affecting $84 million of outstanding debt.

Advertisement

 

The affirmation is a result of several factors, including a stable market position despite fluctuations in operating performance, conservative debt structure and expiry of the system’s defined benefit pension plan.

The outlook was revised to negative from stable, reflecting Moody’s expectation the hospital’s financial performance will continue to dip below historical trends.

More articles on healthcare finance:
Municipal hospital bonds see gains as ACA repeal lags
Vendors threaten to cut off Illinois critical access hospital as budget impasse continues
6 largest gifts from individuals to healthcare organizations in 2017

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.