AUGUSTA (AP) — A second agency has lowered MaineGeneral Medical Center’s credit rating after the loss of several primary care doctors last year.
The recent credit downgrade came from Moody’s Investor’s Service as Fitch Ratings made a similar downgrade last spring. The Kennebec Journal reports Maine- General’s parent organization took a $22.9 million operating loss the last fiscal year, in part because of the departure of doctors hindering their ability to accept new patients.
Hospital executives say they are working to improve finances by recruiting new primary care providers and making changes to appeal to current staff.
Chief Financial Officer Terry Brann says losses in the first half of this year can be made up for in the second half, which is typically a busier time of year.
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less