Penn Highlands Healthcare, PA's Series 2020 Hospital Revenue Bonds Rated 'A-'

COLUMBIA (S&P Global Ratings) Oct. 13, 2020--S&P Global Ratings assigned its 'A-' long-term rating to DuBois Hospital Authority of the City of DuBois, Pa.'s series 2020 hospital revenue bonds, issued on behalf of Penn Highlands Healthcare (PHH). At the same time, S&P Global Ratings affirmed its 'A-' rating on PHH's previously issued series 2018 bonds. The outlook is stable. Proceeds from the series 2020 bonds are anticipated to be approximately $58 million, a majority of which will be used to construct a medical office building and microhospital on recently acquired land near State College. The microhospital is expected to include 18 inpatient beds, a surgical suite, imaging services, and an emergency department. The medical office building will house a variety

...October 13, 2020 COLUMBIA (S&P Global Ratings) Oct. 13, 2020--S&P Global Ratings assigned its 'A-' long-term rating to DuBois Hospital Authority of the City of DuBois, Pa.'s series 2020 hospital revenue bonds, issued on behalf of Penn Highlands Healthcare (PHH). At the same time, S&P Global Ratings affirmed its 'A-' rating on PHH's previously issued series 2018 bonds. The outlook is stable. Proceeds from the series 2020 bonds are anticipated to be approximately $58 million, a majority of which will be used to construct a medical office building and microhospital on recently acquired land near State College. The microhospital is expected to include 18 inpatient beds, a surgical suite, imaging services, and an emergency department. The medical office building will house a variety of outpatient services. Gross revenue of the obligated group, which encompasses a majority of PHH's revenues and assets, secures the bonds. "The rating reflects our view of PHH's enterprise profile, including its...

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