Concurrently, Fitch assigned its “AA-” issuer default rating to Greenwich Hospital.
The affirmation and assignment are based on several factors, including the hospital’s stable market share, favorable payer mix, strong operating profitability and moderate debt burden. Fitch also acknowledged the hospital’s highly competitive market.
The outlook is stable.
More articles on healthcare finance:
Vanderbilt University Medical Center points to Epic rollout for 60% drop in operating income
Direct primary care group files for bankruptcy after abruptly closing clinics
44 hospital, health system outlook and credit rating actions in May
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.