At the same time, Fitch assigned its “BB” issuer default rating to MetroHealth.
The downgrade and assignment are based on several factors, including the health system’s weak adjusted capital ratios, heavy debt burden, highly competitive service area and status as a safety-net provider. Fitch favorably viewed MetroHealth’s sound operating margins, which are expected to strengthen its financial profile in the upcoming years.
The outlook is stable at the lower rating.
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
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.
