Summary: Charlotte Mecklenburg Hospital Authority (Carolinas HealthCare System), North Carolina; Joint Criteria; System Jan 12
- Language: English
- Published: January 2012
- Region: North Carolina
The long-term rating on the Charlotte Mecklenburg Hospital Authority, N.C.'s bondsthe authority does business as the Carolinas HealthCare System (CHS)reflects: A leading business position as the largest of two systems that serve the Charlotte region, highlighted by a broad tertiary service mix, including strength in key specialties (such as cardiology, orthopedics, and neurosciences) and steadily improving market share; Sharply improved financial performance, despite weak non-operating income due to soft investment markets, combined with a conservative reserve policy; A sound balance sheetdemonstrated by light leverage, despite additional debt, and strong and growing liquiditythat, in Standard & Poor's analysis, fully factors in unrestricted reserves from two non-obligated foundations that are closely tied to but legally distinct from CHS; A strong relationship with...
Companies mentioned in this report are:
- Charlotte-Mecklenburg Hosp Auth
Action: New Rating
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Research Type: Full Analysis