Fitch affirms ‘AA’ rating on FirstHealth of the Carolinas

Fitch Ratings affirmed its “AA” rating on Pinehurst, N.C.-based FirstHealth of the Carolinas, affecting approximately $41.4 million of debt.

Advertisement

At the same time, Fitch assigned its “AA” issuer default rating to FirstHealth.

The affirmation and assignment are based on several factors, including FirstHealth’s strong market position, favorable payer mix and stable financial profile. Fitch also acknowledged the health system’s modest operating profitability.

The outlook is stable.

More articles on healthcare finance:
Moody’s: Nonprofit hospital rating downgrades rose sharply in 2017
Disney pledges $100M to enhance the patient experience at children’s hospitals
University Medical Center operator threatens to terminate management agreement over budget impasse

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.