The affirmation is a result of several factors, including the hospital’s strong market position, stable liquidity metrics and light debt burden. Fitch also acknowledged FMH’s recently suppressed operating margin and high capital spending in fiscal year 2017.
The outlook is stable.
More articles on healthcare finance:
California hospital’s reporting errors cause Medicare to overpay 173 other facilities
Sen. Grassley: Tax-exempt hospitals shouldn’t need ‘herculean oversight’ to meet charitable obligations
CHI’s operating loss swells to $585.2M in FY 2017
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