The rating upgrade was supported by a number of factors, including Concord’s steady core operating performance over the last several years. For the most recent fiscal year ended Sept. 30, 2014, Concord had operating income of $19.1 million, equal to operating margin of 4.3 percent, according to Fitch. Reinstated disproportionate share hospital funding from the state of New Hampshire helped profitability in fiscal 2014.
The hospital faces some challenges, which were considered for the rating upgrade, including physician competition.
More articles on hospital ratings:
Fitch assigns ‘AA’ rating to Seattle Children’s Hospital’s bonds
Seattle Children’s Hospital to use $54M from bond issuance for capital expenditures
Moody’s upgrades Renown Health’s outlook to positive
