Concurrently, Fitch assigned its “AA-” issuer default rating to the health system.
The upgrade and assignment are based on several factors, including Calvert Health System’s leading market share, favorable payer mix, consistent cash flow margins and strong leverage metrics.
The outlook is stable.
More articles on healthcare finance:
Hospitals are moving to single ratings: Here’s why
Fitch: Minor headwinds coming for US children’s hospitals
Walgreens, CVS, Rite-Aid shares plummet after Amazon buys Pillpack
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.