ProMedica's bond rating improved from 'negative' to 'stable' by Moody's
The bond-rating agency pointed to the health care company's sale of its hospice and home-care divisions, as well as the elimination of debt.
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The bond-rating agency pointed to the health care company's sale of its hospice and home-care divisions, as well as the elimination of debt.
Administrative workers from across the health-care company's system have been let go in the latest round of layoffs.
Fewer than 30 workers in non-clinical jobs were laid off, ProMedica officials said.
ProMedica has continued to offload nearly all of its nursing homes, while also securing an extension to payoff a massive private loan.
A ProMedica spokesperson told WTOL 11 the company will renovate its ProMedica Monroe Regional Hospital instead of building a new hospital for multiple reasons.