Amid S&P Credit Score Downgrade, Sellersville’s Grand View Hospital Invests in More Patients
Grand View Hospital in Sellersville saw a slight notch-drop to BB- in its credit rating from Standard & Poor’s, writes Harold Brubaker for The Philadelphia Inquirer.
Over the past three years, the hospital has reported an operating loss of $115 million.
In the quarter ending on Sept. 30, Grand View reported a $9.5 million operating loss, a significant drop from the $17 million reported during last year’s third quarter, but not enough to offset the recent overall losses, according to S&P.
However, the hospital is still investing in attracting higher-acuity patients with the construction of its six-story patient pavilion.
The $197 million pavilion, which opened in June, helps Grand View benefit from its affiliation with Penn Medicine, which has fifty of its physicians working at the Bucks County hospital.
Read more about Sellersville-based Grand View Hospital’s financial hurdles and its new patient pavilion in The Philadelphia Inquirer.
The Pavilion at Grand View Health Opens In Bucks County
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