The 260-bed hospital’s strengths were considered for the rating affirmation, including its improving financial profile and dominant market position. Washington Hospital has a 60 percent market share in its primary service area. The hospital’s closest competitor has a 12 percent market share.
Washington Hospital also faces some challenges, which were considered for the rating affirmation, such as its maximum annual debt service being a low 2.8 percent of total revenues at fiscal year end 2014 compared to the “BBB” median of 3.6 percent.
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