Smiley face

Local Hospital District Downgraded by Moody’s

Hopkins County Hospital District, acquired by CHRISTUS Health System in 2016, was downgraded by Moody’s in August 2017. According to an article in CEO HealthCare, written by Shawn Shinneman, the downgrade applies to the Hospital District and not CHRISTUS because the structure of the agreement between the District and CHRISTUS did not guarantee any of the Hopkins County Hospital District’s outstanding debt.

The local hospital district and Tyler-based East Texas Medical Center Regional Healthcare System are the only two North Texas not-for-profit hospital systems downgraded by Moody’s in 2017, according to the report by Moody’s Investors Service.

CHRISTUS owns 51-percent of the local hospital and manages the operations of CHRISTUS Mother Frances Sulphur Springs. The Hospital District owns 49-percent and continues operation of the Emergency Medical Services (EMS) as well as well as several East Texas nursing homes.

In September, Nashville-based Ardent Health Services purchased ETMC and partnered with the University of Texas System in the deal, according to CEO HealthCare.

Moody’s downgraded 41 hospital systems in 2017 and upgraded only 12.

Author: Staff Reporter

Share This Post On
bobcat tractor

Bobcat of North Texas Wants You to Know...

Now is the time to invest in a Bobcat® Compact Tractor at Bobcat of North Texas. As the economy continues to expand, construction and construction equipment is in high demand and Bobcat® promises to be at the heart of it all. Demand for Bobcat® equipment is at an all time high, and we want to make sure you get the equipment and attachments you need to make your land your own.

bobcat loader
bobcat loader
bobcat loader
Construction is Booming

Bobcat® equipment is legendary and construction companies know it. Thats why we are taking orders months in advance. We don't want you to fall behIind the competition. Contact us today to get your Bobcat of North Texas order placed.