The rating change comes in conjunction with JHS’ name and security change to Main Line Health System, effective June 30. Earlier this year, JHS announced plans to restructure, which will result in its three main entities — Thomas Jefferson University Hospitals, its flagship based in Philadelphia, Main Line Health, a four-hospital system based in Bryn Mawr, Pa., and Magee Rehabilitation Hospital in Philadelphia — splitting up and managing their own finances. JHS will change its corporate name to Maine Line Health at the end of this month, according to Moody’s.
The “Aa3” rating reflects Main Line Health’s leading market position in its service area, very low debt load and strong operating margins, according to Moody’s.
More Articles on Hospital Finance:
Fitch Upgrades Universal Health Services Ratings, Revises Outlook to Stable
Moody’s Downgrades King’s Daughters’ Medical Center, Outlook Negative
Moody’s Revises Memorial Health System of East Texas’ Outlook
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.