S&P revises Reid Health's outlook to negative

Standard & Poor's Ratings Services has revised the outlook to negative from stable and affirmed the "A" long-term rating on Richmond, Ind.-based Reid Health's series 2015A fixed-rate bonds, affecting $91.99 million.

"The outlook revision reflects our assessment of Reid's weakened operating income levels in fiscal 2015 and location with limited population growth, requiring it to venture into surrounding areas to seek additional volume gains," said S&P credit analyst Kevin Holloran.

"The 'A' rating is supported by our assessment of Reid's strong regional business position as the only hospital in Wayne County, with a consistently solid market share of over 80 percent and strong unrestricted reserves, with limited capital needs as a result of Reid's new inpatient facility," Mr. Holloran added.

More articles on healthcare finance:
Patients see bills mount after medical helicopter rides: 8 findings
Accretive Health Q4 revenue hits $68.3M, Access Healthcare launches 9th RCM center & more – 6 RCM company key notes
CMS: Track & improve ICD-10 progress

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers