New Hampshire’s Catholic Medical Center downgraded amid operating weakness

Manchester, N.H.-based Catholic Medical Center saw its credit rating downgraded to “Ba1 negative” from “Baa3 negative,” Moody’s said Aug. 25.

Advertisement

The system, anchored by a 330-bed acute care hospital specializing in cardiac care, has a “heavy reliance on contract labor” and suffers from inflationary and wage pressures, Moody’s said.

CMC reported operating revenue of $545.8 million in 2022. Its most recent days’ cash on hand figure is 98.

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.