The long term rating affirmation is a result of several factors, including the medical center’s dominant market position, strong liquidity metrics and favorable leverage. Moody’s also acknowledged CCMC’s weakened operating performance thus far in fiscal year 2017 and its upcoming EMR installation.
The outlook is stable, reflecting Moody’s expectation that the medical center will maintain its market position, healthy liquidity and solid leverage metrics.
More articles on healthcare finance:
How CHS, Tenet, UHS, LifePoint and HCA fared in Q3
Quorum Health sees net loss widen to $29.2M, plans to sell more hospitals
1,597 hospitals will see payment bump under value-based purchasing: 5 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
