The assignment is based on several factors, including the health system’s dominant market position, improved operating performance and good leverage position. Fitch also acknowledged Penn Highlands Healthcare’s weaker service characteristics.
The outlook is stable.
More articles on healthcare finance:
Louisiana House passes budget with deep cuts to healthcare that could shutter hospitals: 6 things to know
Consumerism and the patient payment transition: 2 experts discuss
Memorial Hermann exec: Consumers expect convenient bill pay — It’s time for healthcare to catch up