Standard&Poor's Ratings Services affirmed its 'A' long-term rating on the Richmond Hospital Authority, Ind.'s $95.42 million series 2009 fixed-rate bonds, issued on behalf of Reid Hospital. The outlook is stable. Reid is a 237-bed (207 beds in service) adult medical surgical hospital located in Richmond, which is immediately west of the Indiana-Ohio border. Reid has successfully sustained its very strong market share of approximately 80% in its primary service area and returned the organization to profitable operations in fiscal 2012 (ended Dec. 31) after several years of operating losses. Although operating income is down again in fiscal 2013, management appears to have identified the issues and has implemented a course correction. Reid's strong balance sheet also continues to
