Ballad Health on Thursday announced that all three national credit rating agencies have affirmed Ballad’s “A” ratings, while keeping their outlook for the health system as stable.
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Momentum is building in Congress to address the way hospitals charge more for the same services private doctors deliver in their offices—a sign of broader lawmaker frustration with the industry.
Yale New Haven Health Systems' chief executive officer urged state regulators on Wednesday to approve the proposed acquisition of hospitals in Waterbury, Vernon, and Manchester without delay, saying all three health facilities "have faced strong financial headwinds for a number of years."
The affirmation of the 'A' rating reflects Ballad Health's leading inpatient market position as the largest health system in its primary service area, historically solid operating profitability levels and a strong financial profile.