Concurrently, Fitch assigned its “BBB+” issuer default rating to Lahey Health System.
The downgrade and assignment are based on several factors, including the health system’s highly competitive service market, high adjusted debt levels as well as its improving, but compressed, operating margins following several challenging fiscal years.
The outlook is revised to stable at the lower rating.
More articles on healthcare finance:
Fitch: State governments will spend 8% more on healthcare by 2025
8 recent hospital, health system outlook and credit rating actions
Tariffs are ‘an assault’ on the healthcare industry, Premier says
