The rating affirmation is based on Adena’s multi-year trend of stable operating performance, maintenance of liquidity and solid debt coverage metrics.
Adena also faces several challenges, including its volume volatility and high reliance on governmental payers.
The outlook is stable, reflecting Moody’s Investors Service’s expectation that Adena will maintain its current levels of operating performance, liquidity and debt coverage.
More articles on healthcare finance:
Charity care dropped 13% in first year of ACA, Pittsburgh Post-Gazette finds
This week’s 5 must-reads for hospital CFOs
S&P revises Boulder Community Health’s outlook to negative
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.