S&P revises Vernon Memorial Hospital's outlook to negative

S&P Global Ratings revised Viroqua, Wis.-based Vernon Memorial Hospital's outlook to negative.

"The outlook revision reflects the hospital's materially weaker financial profile largely due to its information technology system installation and the $4.6 million acquisition of three assisted living facilities in 2016," said S&P analyst Patrick Zagar.

The ratings agency also affirmed the "BBB" long-term rating on the hospital's series 2014 revenue bonds.

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