Moodys: Elkhart General Hospital outlook positive
Posted: 11/15/2012 at 1:15 am
Moody’s cited the merger into Beacon Health System, improved financial performance and growing cash balances as the positives.
Fewer admissions, the local unemployment level and area competition, as well as plans to make $89 million in capital expenditures over the next two years were cited as challenges. Successful execution of the merger with Memorial Health System could result in the rating going up, according to Moody’s.