Seven acute-care hospitals and health systems have received credit downgrades in the past 30 days, according to a report by HFA Partners.
The hospital and health systems receiving the credit downgrades include:
• Erlanger Health System (Chattanooga, Tenn.) — from A3 to Baa1 (Moody's)
• Fairview Health Services (Minneapolis) — from A2 to A3 (Moody's)
• Group Health Cooperative (Seattle) — from BBB to BBB- (Fitch)
• Proctor Hospital (Peoria, Ill.) — from Ba1 to Ba2 (Moody's)
• Stamford (Conn.) Hospital — from A to A- (S&P)
• Temple University Health System (Philadelphia) — from Baa3 to Ba1 (Moody's)
• West Penn Allegheny Health System (Pittsburgh) — from B+ to B- (S&P)
In the same month-long span, six hospitals and health systems received credit upgrades. They include:
• Beebe Medical Center (Lewes, Del.) — from B- to B+ (S&P)
• Marshfield (Wis.) Clinic — from BBB+ to A- (S&P)
• Mount Sinai Medical Center (Miami) — from Baa3 to Baa2 (Moody's)
• Olmsted Medical Center (Rochester, Minn.) — from BBB to BBB+ (Fitch)
• St. Peter's Health Partners (Albany, N.Y.) — from Baa2 to A3 (Moody's)
• Via Christi Health (Wichita, Kan.) — from A+ to AA- (S&P)
Three hospitals and health systems also had positive rating affirmation changes, while nine hospitals and health systems had negative rating affirmation changes.
The hospital and health systems receiving the credit downgrades include:
• Erlanger Health System (Chattanooga, Tenn.) — from A3 to Baa1 (Moody's)
• Fairview Health Services (Minneapolis) — from A2 to A3 (Moody's)
• Group Health Cooperative (Seattle) — from BBB to BBB- (Fitch)
• Proctor Hospital (Peoria, Ill.) — from Ba1 to Ba2 (Moody's)
• Stamford (Conn.) Hospital — from A to A- (S&P)
• Temple University Health System (Philadelphia) — from Baa3 to Ba1 (Moody's)
• West Penn Allegheny Health System (Pittsburgh) — from B+ to B- (S&P)
In the same month-long span, six hospitals and health systems received credit upgrades. They include:
• Beebe Medical Center (Lewes, Del.) — from B- to B+ (S&P)
• Marshfield (Wis.) Clinic — from BBB+ to A- (S&P)
• Mount Sinai Medical Center (Miami) — from Baa3 to Baa2 (Moody's)
• Olmsted Medical Center (Rochester, Minn.) — from BBB to BBB+ (Fitch)
• St. Peter's Health Partners (Albany, N.Y.) — from Baa2 to A3 (Moody's)
• Via Christi Health (Wichita, Kan.) — from A+ to AA- (S&P)
Three hospitals and health systems also had positive rating affirmation changes, while nine hospitals and health systems had negative rating affirmation changes.
Related Articles on Hospital Credit Ratings:
Fairview Receives Credit Downgrade Amid CEO Departure, Accretive Probe
S&P Lowers West Penn's Credit Rating to B-
Key Strategies for CFOs: Facing ACOs and Credit Rating Agencies