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