The rating affirmation was based on a number of factors, including the health system’s improved operating profitability in fiscal years 2012 and 2013, and its leading market share position.
ABHS has a 48 percent market share, which will be strengthened by its pending affiliation with Hinsdale, Ill.-based Adventist Midwest Health and Maywood, Ill.-based Loyola University Health System. In August, ABHS and Loyola signed a letter of intent to affiliate to expand their pediatric service lines.
ABHS also faces some challenges, such as its light liquidity metrics. The health system had 144.7 days cash on hand as of March 31.
More articles on hospital credit ratings:
Fitch assigns ‘BBB+’ rating to Catholic Health Services of Long Island’s bonds
Moody’s affirms Centra Health’s ‘A2’ rating
Fitch downgrades El Paso County Hospital District’s bonds to ‘AA-‘
