S&P upgrades Pocono Medical Center's bonds to 'A+'

S&P Global Ratings raised the rating to "A+" from "A-" on East Stroudsburg, Pa.-based Pocono Medical Center's hospital revenue bonds issued by Monroe County Hospital Authority.


The upgrade reflects Pocono Medical Center's affiliation with "A+" rated Allentown, Pa.-based Lehigh Valley Health Network, which has a good market position, strong leadership and financial profile that aligns with expectations, according to S&P.

The outlook is stable, reflecting S&P's expectation that LVHN's leading market position will remain, especially with recent improvements in the network's finances. 

More articles on healthcare finance:
4 of 37 provider-sponsored health plans profitable in 2015
Illinois ordered to increase Medicaid funding to providers during budget impasse
Federal judge to decide whether Illinois must expedite $2B in Medicaid payments owed to providers in budget stalemate

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months