Home Credit Ratings and Research S&P Global Ratings’ Credit Research North Carolina Med Care Comm

Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital

Published Oct 05, 1998

645 words — Published Oct 05, 1998

Price US$ 225.00 | Buy this Report Now

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Abstract:

The 'AA-' rating on North Carolina Medical Care Commission's bonds, issued for Pitt County Memorial Hospital, reflects the hospital's market dominance, service essentiality, and a strong financial profile that offset risks surrounding an aggressive and debt-funded strategic plan. Bond proceeds will be used to purchase Heritage Hospital from Columbia/HCA Healthcare Corp. Pitt is the largest and only tertiary provider for 29 counties serving 1.2 million people in eastern North Carolina. The hospital enjoys an 87% market share in its primary service area, a 24% share in its secondary service area, and a 7% share in its tertiary service area. The secondary service area market share is expected to rise to over 35% once Pitt purchases nearby Heritage Hospital. Pitt also

Brief Excerpt:

RESEARCH Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital Publication date: 05-Oct-1998 Credit Profile $84 mil muni debt muni issue ser 1998 B due 2028 ##- Sale date: 07-OCT-98 WITHDRAWN To From Pitt Cnty, North...

Report Type:

Summary

Issuer

North Carolina Med Care Comm

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

N.C. Med Care Comm Hosp Rev Bnds Rtd AA by S&P – 1998/10/20 – US$ 150.00

Summary: North Carolina Med Care Comm; Revenue - Health Care, System – 1998/10/21 – US$ 225.00

Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital – 1998/10/26 – US$ 225.00

S&P Rates North Carolina Med Care Comm Revs A+ SPUR – 1998/10/27 – US$ 150.00

Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital – 1998/10/27 – US$ 225.00

S&P Rates N.C. Med Care Comm/Pitt Mem Hosp Revs AA- – 1998/10/01 – US$ 150.00

Summary: North Carolina Med Care Com; Revenue - Health Care, System – 1998/09/25 – US$ 225.00

Summary: North Carolina Med Care Com – 1998/09/24 – US$ 225.00

S&P Rts N. Carolina Med Care Comm/Novant Hlth Revs AA – 1998/09/17 – US$ 150.00

Summary: North Carolina Med Care Comm; Revenue - Health Care, Hospital – 1998/08/21 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital" Oct 05, 1998. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Med-Care-Com-Revenue-Health-Care-Hospital-75356>

APA:	S&P Global Ratings’ Credit Research. (). Summary: North Carolina Med Care Com; Revenue - Health Care, Hospital Oct 05, 1998. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Med-Care-Com-Revenue-Health-Care-Hospital-75356>

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