The rating affirmation is based on a number of factors, including CFHA’s leading market share in its primary service area and consistently favorable financial performance.
These strengths are offset by CFHA’s 74 percent dependence on Medicare, which limits revenue growth.
The outlook is stable, reflecting Moody’s expectations that CFHA’s performance in fiscal year 2016 will remain strong.
More articles on healthcare finance:
For-profit hospital stock report: Week of Nov. 16-20
Survey: Healthcare ratings no better post-ACA implementation
Hospital prices rose by 2% in October, federal data show
