At the same time, Fitch affirmed its “BBB” rating on the district’s series 2011A and 2011B revenue bonds, affecting $19.5 million of debt.
The affirmation is a result of the district’s healthy profitability metrics, its position as the sole community provider in Martin County and its stable financial profile through the revenue cycle. Fitch also acknowledged the district’s exposure to a highly volatile oil-based economy.
The outlook is stable.
More articles on healthcare finance:
15 hospitals seeking RCM talent
6 recent hospital, health system outlook and credit rating actions
Intermountain donates $15M to U of Utah for new medical school: 4 things to know
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.
