The upgrade is a result of several factors, most notably the hospital’s comprehensive debt recapitalization and permanent direct debt payment. In addition, the credit agency noted the hospital’s significant financial turnaround. Moody’s unfavorably viewed Mercy Hospital’s small size in a very competitive market.
The outlook revision to positive reflects the significant turnaround Mercy Hospital had in the last fiscal year. Moody’s expects the improvements to continue.
More articles on healthcare finance:
California hospital weighs closure of nursing facility
Avadyne Health adds to board: 4 things to know
Mayo Clinic Care Network hospital in Kentucky renews contract with IT company
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.
