In assigning the stable outlook, Moody’s said operating margins are expected to show some improvement in fiscal 2023.
The healthcare system had its “A2” revenue bond rating affirmed. The system, with four acute care hospitals, had $493 million in outstanding debt as of Sept. 30, 2022.
The “A2” rating reflects Moody’s belief that Inspira will maintain a leading position in its four-county service area in Southern New Jersey. Future capital spending plans are “manageable” and will be funded through cash flow.
Inspira added Salem Medical Center to its system in December, acquiring a hospital building and other offices.
