The affirmation reflects Wise Health System’s weaker liquidity and operations due to a decrease in surgery volumes and an increase in staffing expenses.
The rating outlook has been revised from stable to negative.
More articles on healthcare finance:
Trump’s 2020 budget: 5 must-read stories for healthcare leaders
Shuttered California hospital to reopen after city OKs operating agreement
CEO Peter Banko on Centura Health’s plan to double revenue by 2025
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.