At the same time, Fitch assigned its “BBB+” issuer default rating to Nanticoke Health.
The upgrade and assignment are a result of several factors, including Nanticoke Health’s favorable market position, sound liquidity metrics and moderate leverage. In addition, the recent reinstatement of the hospital’s Medicare Dependent Hospital status was viewed as credit positive by Fitch.
The outlook is stable.
More articles on healthcare finance:
UCLA Health to establish health sciences learning center with $20M gift
7 latest hospital credit downgrades
12 hospitals seeking RCM talent
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.