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SOCH |
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Fitch will continue to monitor this situation and any effects on the operational and financial profiles of SOCH, Palisades and Pascack, including costs incurred related to strike contingency plans. Fitch contacted management at SOCH and Pascack, and both hospitals report that they continue to believe that there is not a strikable issue on the table as negotiations progress on schedule. Inpatient utilization trends are expected to grow, as SOCH realizes the benefits of on-campus expansion and enhancements completed in 2002 and funded by the series 2001 bonds. |
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