Ongoing labor and inflationary pressures are likely to keep operating performance pressured even as management takes initiatives to stem losses, S&P said. The outlook is stable.
The two-hospital system, anchored by the 447-bed Anne Arundel Medical Center, reported an operating loss of $56.6 million on revenues of $1.1 billion, an operating margin of -5.1%, in fiscal 2023 ending June 30.
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