Moody’s affirms ‘Baa1’ rating on Cooper Health System

Moody’s Investors Service affirmed its “Baa1” rating on Camden, N.J.-based Cooper Health System’s revenue bonds issued by the Camden County Improvement Authority and New Jersey Economic Development Authority, affecting $240 million of outstanding debt. 

Advertisement

The affirmation is a result of several factors, including the health system’s favorable revenue growth, solid revenue base, strong regional presence and advantageous leverage metrics. Moody’s also acknowledged Cooper Health System’s risks of high exposure to governmental payers and competitive market.

The outlook is stable reflecting Moody’s expectation that the health system will maintain favorable operating margins and continue to improve liquidity.

More articles on healthcare finance:
15 recent donations, grants to healthcare organizations
10 recent hospital, health system outlook and credit rating actions
Oklahoma Health Care Authority delays state Medicaid reimbursements to providers

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.