Credit rating agency Moody's is revising Springfield Ill.-based Memorial Health System's outlook from stable to negative' as the health system ended fiscal year 2022 with $343 million in outstanding debt.
Moody's expects Memorial to stabilize in 2023, but not reach historical levels until 2025, according to a March 24 Moody's report.
Additionally, Memorial faces competition from a nearby health system in the primary services area.