The rating actions included many outlook revisions, watches, and reviews, as well as eight credit downgrades and 10 credit upgrades.
The following eight hospitals and health systems received a credit downgrade during the past month:
- Brazosport Regional Health System (Lake Jackson, Texas)— from BB+ to BB (S&P)
- East Liverpool (Ohio) City Hospital — from B2 to Caa1 (Moody’s)
- Floyd Memorial Hospital (New Albany, Ind.) — from BBB to BBB- (S&P)
- MaineGeneral Medical Center (Augusta) — from Ba1 to Ba2 (Moody’s)
- Memorial Hospital at Gulfport (Miss.) — from A2 to A3 (Moody’s)
- Metropolitan Health Corp. — (Wyoming, Mich.) from BB+ to BB (S&P)
- Parish Medical Center (Titusville, Fla.) — from A- to BBB+ (S&P)
- Phoebe Putney Memorial Hospital (Albany, Ga.) — from AA- to A+ (S&P)
The following 10 hospitals and health systems received a credit upgrade during the past month:
- Children’s National Medical Center (Washington, D.C.) — from A to A+ (Fitch)
- Good Samaritan Hospital (San Jose, Calif.) — from BB to BB+ (S&P)
- Mercy Medical Center (Canton, Ohio) — from BB to BBB- (S&P)
- Meritus Health Inc. (Hagerstown, Md.) — from BBB- to BBB (S&P)
- Methodist Le Bonheur Healthcare (Memphis, Tenn.) — from A2 to A1 (Moody’s)
- Nebraska Methodist Health System (Omaha) — from BBB+ to A- (S&P)
- South Lake Hospital (Clermont, Fla.) — from BBB+ to A- (Fitch)
- St Francis Regional Medical Center (Shakopee, Minn.) — from BBB+ to A- (S&P)
- St. Luke’s Episcopal-Presbyterian Hospital (Chesterfield, Mo.) — from A to A+ (S&P)
- University of Vermont Medical Center (Burlington) — from BBB+ to A- (S&P)
More articles on healthcare finance:
Texas health system files for bankruptcy protection
The community hospital survival guide: Strategies to keep the doors open
CMS pays $1.3B to hospitals for Medicare appeals
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