Qualify for a free subscription to HealthLeaders magazine.
Remarks: S&P lowered its long-term and underlying ratings to A from A+ on Maryland Health & Higher Educational Facilities Authority’s series 1993 and 2001 bonds, reflecting financial performance that failed to meet expectations and an overall credit profile more commensurate with an A rating than an A+ rating.
A3 the long-term bond rating assigned to Lee Memorial Health System’s $438 million of rated debt. The outlook is revised to stable from positive at the higher rating level. The rating upgrade reflects two years of significant improvement to operating profitability.
Remarks: S&P raised its long-term rating to BBB+ from BBB on $12.7 million series 1998B bonds and its underlying rating to BBB+ from BBB on $101 million series C and 2004D bonds issued by the Massachusetts Health & Educational Facilities Authority. The higher rating reflects an assessment of Cape Cod Healthcare’s continued financial improvement as well as strides toward improved integration with the medical staff.
- MU Compliance Announcement Sparks Concern, Confusion
- New G-Codes to Pay Doctors for Broad Array of Non-Face-to-Face Care
- Scary Financial Challenges for 2014
- MGMA Urges 'End-to-End' ICD-10 Testing
- 1 in 5 CT Screenings for Lung Cancer Results in Overdiagnosis
- Telehealth Improves Patient Care in ICUs
- LifePoint Bolsters Presence in Michigan's Upper Peninsula
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Douglas Hawthorne—A Chance to Do Something Big