Summary: Massachusetts Hlth & Ed Fac Auth; Revenue - Health Care, Hospital; Revenue - Health Care, System; Revenue - Transportation, CP Apr 99
- ID: 2030513
- April 1999
- Region: Massachusetts
- Standard & Poors
The rating on bonds issued by the Massachusetts Health and Educational Facilities Authority on behalf of Partners HealthCare System reflects: A strong business position as the clear market leader in the competitive eastern Massachusetts market combined with growing business volumes, A strong balance sheet characterized by ample liquidity and moderate leverage, A well developed physician network, Substantial research volume, and Adequate historical profitability. Also factored into the rating is the incorporation of Newton-Wellesley Hospital and affiliates (NW)a well positioned but recently troubled suburban providerand Faulkner Hospital and its affiliates, into Partners. Also factored into the rating are continued losses at physician corporations, and the significant investment of money especially from Partners' two foundersMassachusetts General Hospital (MGH) and Brigham and Women's...
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Action: New Rating
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