The affirmation is a result of several factors, including Rady Children’s dominant market position, strong balance sheet and favorable reputation. Moody’s also acknowledged the hospital’s lower than expected operating performance and increased capital spending.
The outlook is stable, reflecting Moody’s expectation that operating results will stabilize after the period of increased capital spending.
More articles on healthcare finance:
10 hospitals seeking RCM talent
For-profit hospital stock report: Week of May 21-25
Healthcare spending reduced when people get help with social needs, study finds
