The rating assignment is based on several factors, including SoutheastHealth’s improving financial performance following a decline caused by a difficult EMR installation. SoutheastHealth also improved its financial position by restructuring its debt and properly managing capital spending. Moody’s also acknowledged the health system’s high dependency on government payers, aging population and competitive market.
The outlook is stable, reflecting Moody’s expectation that SoutheastHealth will maintain its stable operating performance to build liquidity.
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