The outlook revision is based on a number of factors, including increasing capital expenditures and a declining liquidity cushion.
Fitch also affirmed the “A-” rating on SouthNassauCommunitiesHospital’s $84.2 million of series 2012 bonds. The rating affirmation is based on South Nassau’s manageable debt burden.
More articles on health IT:
Fitch: Nonprofit hospitals’ profitability may be strained in FY 2016
US healthcare system ranks 50th out of 55 countries for efficiency
New Mexico clinics, hospital prepare for cuts ahead of special session
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.
