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.
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.
