5 credit downgrades but no upgrades in July, S&P says

Two health systems, including Vancouver, Wash.-based PeaceHealth, were among the five credit downgrades issued by S&P Global in July, according to an Aug. 15 commentary.

Eleven-hospital PeaceHealth, which has said it will close five clinics as well as eliminate positions, was downgraded to "A-" July 7. The other system downgraded was Greenville, N.C.-based Vidant Health to "A" because of recent operating losses, S&P said.

Three standalone hospitals were also downgraded during the month.

 At the same time as the downgrades, six healthcare entities saw their outlooks revised downward while just one, Oklahoma City-based OU Health, saw its outlook raised. There were no credit upgrades during the month.

Further details can be found here.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars