News Headlines Article

CA hospital on watch list for Moody’s downgrade
The Mercury News

Eisenhower Medical Center in Rancho Mirage has been placed on the Moody’s Investors Service watch list for a debt rating downgrade. Moody’s analysts said in a statement Monday that they’re reviewing the desert hospital’s credit position after receiving an unaudited report for the 2011 fiscal year showing an unexpected operating loss of $30.8 million. A year ago, the hospital reported an operating profit of $22.8 million.