Managed Care Weekly Digest
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Managed Care
Fitch Affirms Presbyterian Healthcare Services' (New Mexico) $365MM Revs at 'AA-'; Outlook Stable
June 18th, 2007
Fitch Ratings affirms the underlying 'AA-' rating on approximately $365 million of hospital revenue bonds issued on behalf of Presbyterian Healthcare Services (PHS), New Mexico. The Rating Outlook is Stable. The 'AA-' rating and Stable Outlook continues to be supported by PHS' strong and successful integrated delivery network, which has allowed the system to maintain a strong financial profile and leading market position in Albuquerque and throughout New Mexico. PHS, through the support of its comprehensive and growing medical group (over 498 employed physicians and other providers) and health plan (approximately 450,000 total members), was able to grow its Albuquerque...
Source: Managed Care Weekly Digest (2007-06-18)
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