The rating affirmation was based on a number of factors, including Lahey Health’s good liquidity. As of June 30, the system had unrestricted cash and investments of $857 million, which translated to 168.9 days cash on hand.
The system’s challenges were also considered for the rating affirmation, including its weak operating performance in fiscal year 2015.
The system’s rating outlook is stable.
More articles on healthcare finance:
HRSA releases 340B Program ‘mega guidance’: 18 key points
9 recent hospital bankruptcies, closures
Bankrupt Georgia hospital accused of putting patients at risk
