The affirmation is a result of several factors, including Piedmont’s favorable financial performance, strong market position and increasing footprint. Moody’s also acknowledged the health system’s demonstrated ability to integrate hospitals into its system. Offsetting these credit strengths is the health system’s increased leverage to fund its growth strategy and a major construction project.
The outlook is negative, reflecting the health system’s rising leverage.
More articles on healthcare finance:
Fewer medical mistakes saved hospitals $2.9B from 2014 to 2016
$28k: The average price healthcare will cost a family of 4 in 2018
9 latest hospital credit downgrades
