The affirmation is a result of several factors, including the health system’s significant partnerships, favorable leverage metrics and improving operating performance due to growth strategies and expense control initiatives.
Moody’s unfavorably viewed the health system’s high reliance on governmental payers and its stressed operations in fiscal year 2017.
The outlook is stable, reflecting Moody’s expectation that Cooper University Health Care will continue to improve its operating performance after its setback in fiscal year 2017.
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