The affirmation is a result of the health system’s leading market position and expansive market reach. Moody’s also acknowledged the health system’s increasingly competitive service area, weaker financials and unfavorable budget due to damages from Hurricane Irma.
The outlook is negative, reflecting the health system’s weaker than expected performance through the first half of fiscal year 2018.
More articles on healthcare finance:
University Medical Center operator threatens to terminate management agreement over budget impasse
9 recent hospital, health system outlook and credit rating actions
S&P expects new rating criteria to be unfavorable for hospital districts