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Small hospitals get more bad news from Moody’s
Modern Healthcare

The bad news keeps getting worse for small hospitals.

A report from Moody’s Investors Service shows that five out of the six not-for-profit hospitals that had their credit ratings downgraded in the first quarter were facilities with under $500 million in revenue. The agency also downgraded twice as many providers as it upgraded (six compared with three). Of the systems that were upgraded, two had annual revenue topping $500 million, are considered dominant in their respective markets and are bucking the trend of shrinking patient volume.