The outlook revision is based on a number of factors, including Piedmont’s recent integration challenges.
Moody’s also assigned an “Aa3” rating to Atlanta-based Piedmont Healthcare’s following bonds:
- Proposed $165 million of series 2016A bonds to be issued through Fulton County Development Authority
- $176 million of series 2016A bonds to be issued through Clarke County Hospital Authority
- $65 million of series 2016A bonds to be issued through Fayette County Hospital Authority
In addition, Moody’s affirmed the “Aa3” rating on Piedmont’s $396 million of outstanding bonds.
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U of L says KentuckyOne owes it $46M and is to blame for decline in nursing staff
OIG: Medicare made $34.6M in improper payments on behalf of prisoners
Moody’s: Hospitals with higher quality of care have stronger operating cash flow margins
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