Moody’s upgrades Methodist Le Bonheur Healthcare’s bond rating

Moody’s Investors Service has upgraded Memphis, Tenn.-based Methodist Le Bonheur Healthcare’s bond rating to “A1” and “A1/VMIG1” from “A2” and “A2/VMIG1” on $564.8 million of outstanding debt.

Advertisement

 The rating upgrade was based on a number of factors, including the system’s maintenance of consistently strong operating performance in fiscal 2014, which continues through the first quarter of fiscal 2015.

Methodist Le Bonheur Healthcare also faces some challenges, which were considered for the rating action, such as operating in a highly competitive market.

The system’s outlook is stable.

More articles on healthcare finance:

UnityPoint Health operating income soars 338% in Q1
Cleveland Clinic operating income jumps 45% in Q1: 5 key points
Solving the revenue cycle paradox: What options do struggling hospitals have?

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.