Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition - S&P Global Ratings’ Credit Research

Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition

Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition - S&P Global Ratings’ Credit Research
Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition
Published Sep 24, 2021
3 pages (1413 words) — Published Sep 24, 2021
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Abstract:

CENTENNIAL (S&P Global Ratings) Sept. 24, 2021--S&P Global Ratings revised its outlook to negative from stable and affirmed its 'A-' rating on the DuBois Hospital Authority, Pa.'s existing series 2020 and series 2018 bonds, issued for Penn Highlands Healthcare (PHH). At the same time, S&P Global Ratings assigned its 'A-' long-term rating, with negative outlook, to the authority's $37.7 million series 2021 hospital revenue bonds, issued for PHH. The bond proceeds will repay a line of credit draw which was used to retire the outstanding debt of Monongahela Valley Hospital (MVH). In June 2021, PHH entered a definitive agreement to acquire MVH through a member substitution, with an expected closing date of Oct. 1, 2021. Following closing of this acquisition,

  
Report Type:

Ratings Action

Ticker
10237590
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Sector
Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition" Sep 24, 2021. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Penn-Highlands-Healthcare-PA-Bond-Rating-Outlook-Revised-To-Negative-On-Financial-Risks-Following-Acquisition-2727618>
  
APA:
S&P Global Ratings’ Credit Research. (). Penn Highlands Healthcare, PA Bond Rating Outlook Revised To Negative On Financial Risks Following Acquisition Sep 24, 2021. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Penn-Highlands-Healthcare-PA-Bond-Rating-Outlook-Revised-To-Negative-On-Financial-Risks-Following-Acquisition-2727618>
  
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