“The developing outlook reflects our view of CNE’s upside potential for the rating given the definitive agreement recently signed by CNE and Partners, thereby formalizing Partners’ planned acquisition of CNE pending approvals by both Rhode Island and Massachusetts regulators,” said S&P credit analyst Jennifer Soule.
The developing outlook also indicates a potential downside, which is reflected by CNE’s weak financial performance, unhealthy balance sheet metrics and fluctuating patient volume trends.
More articles on healthcare finance:
$28k: The average price healthcare will cost a family of 4 in 2018
10 recent hospital, health system outlook and credit rating actions
MedData names acting president: 3 things to know
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.
