“The CreditWatch placement reflects the signing of a shared mission agreement in which Baptist Memorial Health Care Corp., Tenn. (currently rated ‘A-‘), became the sole member of MBHS,” said Patrick Zagar, a S&P Global Ratings credit analyst.
The CreditWatch is expected to be resolved within 90 days.
More articles on healthcare finance:
Summa Health System to cut 300 jobs due to $60M operating loss
University of Iowa Health Care to stop accepting checks, cash July 1
West Virginia hospital to charge upfront co-pays for non-emergency ER visits
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