Elkhart EGH bond rating outlook positive

    Moody's affirmed the credit rating of Elkhart General Hospital, citing positive effects of the merger with Memorial Hospital of South Bend.
    Posted on Nov. 16, 2012 at 12:00 a.m.

    ELKHART — Moody’s Investors Service affirmed Elkhart General Hospital’s A2 bond rating and revised the rating outlook from stable to positive, reversing the momentum from last year’s downgrade from an A1 rating.

    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.

    Archived comments
    Recommended for You


    Posted on April 26, 2015 at 6:30 a.m.
    Economy Jobs

    Posted on April 24, 2015 at 1:21 p.m.

    Posted on April 24, 2015 at 11:51 a.m.
    Back to top ^