The hospital and health systems receiving the credit downgrades include:
• Gritman Medical Center (Moscow, Idaho) — from BBB to BBB- (S&P)
• Mercy Medical Center (Canton, Ohio) — Baa3 to Ba2 (Moody’s)
• Northwest Community Hospital (Arlington Heights, Ill.) — from A1 to A2 (Moody’s)
• Parrish Medical Center (Titusville, Fla.) — from A to A- (S&P)
In the same month-long span, five hospitals and health systems received credit upgrades. They include:
• Baycare Health System (Clearwater, Fla.) — from Aa3 to Aa2 (Moody’s)
• Lawrence (Kan.) Memorial Hospital — from A2 to A1 (Moody’s)
• St. Francis Regional Medical Center (Shakopee, Minn.) — from BBB to BBB+ (S&P)
• Virtua Health (Marlton, N.J.) — from A to A+ (S&P)
• Wheaton Franciscan Healthcare (Glendale, Wis.) — from Baa2 to Baa1 (Moody’s)
Eight hospitals and health systems also had positive rating affirmation changes, while six hospitals and health systems had negative rating affirmation changes.
Related Articles on Hospital Credit Ratings:
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Moody’s: Nullified PPACA Would Hurt For-Profit Hospitals
7 Hospitals Receive Credit Downgrades in Past Month
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