S&P Global Ratings has raised its long-term rating on Douglas, Ga.-based Coffee Regional Medical Center's bonds to "BB" from "BB-."
"We assessed CRMC's enterprise profile as adequate characterized by a dominant market share in a limited service area," said S&P analyst Aamna Shah. "We also assessed CRMC's financial profile as adequate based on sustained improvement in most key metrics since fiscal 2013."
The outlook is positive, reflecting S&P's view that CRMC is well positioned to continue to post margins in line with recent history and that CRMC's management will continue to implement cost controlling initiatives.
More articles on healthcare finance:
Orlando hospitals won't bill victims of Pulse nightclub shooting
4 healthcare CFOs in the headlines
ePAY Healthcare rolls out Loyale platform