Concurrently, Fitch affirmed its WellSpan Health’s series 2014A and series 2008A, affecting approximately $216 million of debt.
The assignment and affirmation are a result of several factors, including WellSpan Health’s dominant market position, expanding regional presence, favorable leverage ratios and sufficient cash flow. Fitch also acknowledged the health system’s softened operating performance in 2017 as a result of a recent EHR implementation and high reliance on governmental payers.
The outlook is stable.
More articles on healthcare finance:
The impact of hurricanes, the revenue loss, the tough leadership decisions: 5 questions with Schneider Regional Medical Center CFO Scott Nothnagel
California hospital imposes overtime restrictions, hiring freeze to shore up finances
Why this $15M gift to an LA hospital is so unusual
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.
