The affirmation is a result of several factors, including the health system’s growing market share, light debt burden and expansion project to grow capacity. Fitch also acknowledged the UHS’ modest balance sheet metrics and weakened operating performance.
The outlook was revised to negative from stable; reflecting the health system’s recently diluted operating results.
More articles on healthcare finance:
Moody’s: Proposed cuts to Medicare 340B payments would hurt nonprofit hospital margins
12 recent hospital, health system outlook and credit rating actions
5 recent donations, grants to healthcare organizations