Moody’s upgrades UNC Health’s credit rating

Chapel Hill-based University of North Carolina Health’s credit rating was upgraded to “Aa2” from “Aa3” by Moody’s.  The upgrade reflects expectations that UNC Health will continue generating strong cash flow, allowing the system to fund capital needs without significant new debt and absorb near-term reimbursement pressure, Moody’s said in its Jan. 23 report.  UNC Health’s […]

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Ballad Health Medical Group taps CFO

Johnson City, Tenn.-based Ballad Health has named Loree Ching CFO of its medical group, according to a post on her LinkedIn page.  Ms. Ching joins Ballad Health Medical Group from Fort Worth, Texas-based Acclaim Physician Group, where she served as vice president of finance since 2022, according to her LinkedIn page.  She previously served as […]

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CHS to sell 5 hospitals for more than $1B

Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with active plans to divest five hospitals across Alabama, Pennsylvania and Tennessee. This month, the for-profit health system signed a definitive agreement to sell Crestwood Medical Center in Huntsville, Ala., to Huntsville Hospital Health System for $450 million. The deal includes all assets tied […]

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University regents replace Nebraska Medicine board

The University of Nebraska and Clarkson Regional Health Services have replaced members of Nebraska Medicine’s board of directors, saying the move was necessary after the health system filed a lawsuit to block an $800 million deal that would give the university sole ownership of the Omaha-based system. In a joint statement published Jan. 22, the […]

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UP Health System names CFO for 222-bed hospital

UP Health System-Marquette (Mich.), a 222-bed hospital, has appointed Teresa Perry CFO. Ms. Perry brings more than 17 years of experience with the health system to the role. She most recently served as CFO of UP Health System-Bell in Ishpeming, Mich., a position she held for 12 years. She previously served as controller at the […]

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