S&P assigns ‘BBB’ rating to Beebe Medical Center’s outstanding bonds

S&P Global Ratings assigned a “BBB” rating to Lewes, Del.-based Beebe Medical Center’s outstanding bonds.

Advertisement

In addition to series 2015A and series 2018 bonds, the rating incorporates proposed issuance of $34 million of additional debt in early 2019.

The rating reflects robust demographics in Beebe’s service area and the hospital’s plan to utilize bond proceeds to broaden its inpatient and outpatient footprint.

The rating outlook is stable.

More articles on healthcare finance:

24 cities with higher-than-average healthcare prices    
HCA to close Sister Emmanuel Hospital in Miami    
2 Tennessee hospitals to close by year’s end

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.