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MARYLAND HHEFA $20.5 MIL BONDS (MONTGOMERY GENERAL HOSPITAL) "BBB+" BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, July 2 /PRNewswire/ -- The Maryland Health and Higher Educational Facilities Authority's approximately $20.5 million revenue bonds, series 1993, to be issued for Montgomery General Hospital are rated "BBB+" by Fitch. The credit trend is stable. Bond proceeds will be used to fund various construction and renovation projects and the purchase of new equipment. The bonds are expected through negotiation the week of July 12 by First Chicago Capital Markets, Inc.
 Credit strengths include an improving profitability trend, modest debt burden, solid cash position, strong management team, and the service area's excellent socioeconomic indicators. In addition, the construction and renovation project should better position the hospital in regards to market needs and physician recruitment.
 Concerns center around a competitive market, various physician recruiting needs, and a weakening payor mix, which is somewhat mitigated by the Maryland regulatory environment.
 Montgomery General Hospital, is an acute-care community hospital, located in Olney, Md., midway between Washington, D.C. and Baltimore. The hospital currently operates 190 of 229 licensed beds.
 -0- 7/2/93
 /CONTACT: Jerry Solomon of Fitch Financial Wire, 212-908-0557/


CO: Maryland Health and Higher Educational Facilities Authority;
 Montgomery General Hospital ST: Maryland IN: HEA SU: RTG


LG-MG -- NY022 -- 8180 07/02/93 13:50 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
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