Mount Sinai NYU Health Obligated Group, New York; Health Care, System Sep 02
- ID: 1951831
- September 2002
- Region: New York
- Standard & Poors
The rating on the New York State Dormitory Authority's bonds, issued for the Mount Sinai NYU Health Obligated Group, reflects: Obligated-group performance through June 2002 that is broadly in line with expectations; Continued weak liquidity levels; Progress at the Mount Sinai campus (where the majority of the losses have occurred) in the implementation of turnaround recommendations made by consulting firms; Strong market share, as Mount Sinai is one of a handful of sizable systems in the vast New York metropolitan market, although the benefits of combined market share have been diminished by the recent announcement that the system will no longer negotiate managed-care contracts as one entity; Financial flexibility in the form of significantly undervalued real-estate assets owned by Mount...
Companies mentioned in this report are:
- NYU Hospitals Ctr
- Dorm Auth of the St of New York
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