Elmhurst Improves

Shields, Yvette
December 2004
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p23
Trade Publication
The article reports that Fitch Ratings Inc. has upgraded Elmhurst Memorial Hospital's debt to A from A-minus based on its continuing operational improvements. The upgrade impacts $139.4 million of revenue refunding bonds from 2002 and another $39.4 million of variable-rate revenue bonds from 1998. Both were sold through the Illinois Health Facilities Authority. Fiscal 2004 marked the second year of profitable operations over the last seven years. The hospital's operating margin improved to 1.8% in fiscal 2004 compared to a negative 6.4 % in fiscal 2000.


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