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Moody's: Non-profit hospital finances continue to deteriorate
Non-profit hospitals and health systems continue to face tough financial circumstances, with the one-two punch of a weak economy and tight credit continuing to sock their bottom lines. That's... Read more...
Moody's: Not-for-profit hospital operations worsened in 2008
Moody's was already down on not-for-profit hospitals last November when it revised its outlook on the sector from stable to negative. Now, with the full report out on 2008, Moody's pessimism has been... Read more...
NJ system may default on bonds
A six-hospital system has told investors that due to weak financial results in 2008, it may default on $768.4 million in bonds. This follows a recent uptick in downgraded hospital bond ratings, which... Read more...
PA hospitals say recession has hit them hard
A new survey of Pennsylvania hospitals has found that, not surprisingly, the ongoing U.S. recession has had a significant impact on their business. The survey, by the state's hospital association,... Read more...
Despite setbacks, West Penn Allegheny maintains rating
Despite a negative outlook for Pittsburgh-based West Penn Allegheny, Moody's Investors Service had maintained the health system's Bb3 rating, a true blessing in an era when credit has become even... Read more...
