The rating reflects Fitch’s expectation that ProMedica’s balance sheet, weakened by the system’s recent acquisition of HCR ManorCare, will return to historically strong levels thanks to a strong operational profile assessment and excellent market position.
The rating outlook is stable.
More articles on healthcare finance:
RCM tip of the day: Train your staff
AHA, HHS present court arguments on Medicare appeals backlog: 7 things to know
Black Book’s top 25 RCM software and technology vendors in 2018
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.
