Concurrently, Fitch assigned an “AA” issuer default rating to BMC.
The upgrade is a result of several factors, including BMC’s leading market position, favorable payer mix, strong operating performance and low leverage. Fitch also acknowledged the risks associated with the medical center’s ongoing construction project.
The rating outlook is stable.
More articles on healthcare finance:
Moody’s: Severe flu season will pressure nonprofit hospital margins
U of Texas Health renames cancer center after donors of $25M gift
6 latest hospital credit downgrades
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.