UPDATED: Elmhurst Memorial Healthcare's Financial Health in Question as its Rating is Downgraded Again

Fitch Ratings cites EMHC's "weak operating performance," lagging patient volume and various other problems.

UPDATED: Jan. 30, 11:45 a.m.: Elmhurst Memorial Hospital has released an official statement in response to the information published this week: While early fiscal Year 2013 volumes were lower than anticipated (July in particular), inpatient and outpatient volumes have picked up significantly in recent months, and the health system continues to see growth in spite of the fact that volumes throughout the market are flat or declining.  “We will continue to manage through what is a very challenging healthcare environment,” said James Doyle, executive vice president and chief financial officer for Elmhurst Memorial Healthcare. Original story: The financial rating for Elmhurst Memorial Healthcare was again downgraded by Fitch Ratings from BBB+ …

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