The rating affirmations were supported by a number of factors, including the system’s good geographic coverage. NorthShore has a 22 percent market share, which is the leading share in its service area.
In addition, NorthShore’s plan to merge with Downers Grove, Ill.-based Advocate Health Care to create a 16-hospital system — the largest health system in Illinois — is credit positive for both organizations. However, since the deal has not closed, it was not considered for NorthShore’s current credit assessment.
NorthShore also faces some challenges, which were considered for the rating affirmations, such as facing competition from several hospitals in the broader service area.
More articles on hospital credit ratings:
Moody’s affirms Temple University Health System’s ‘Ba2’ rating
Moody’s affirms Lafayette General Medical Center’s ‘A3’ rating
6 recent hospital rating and outlook changes, affirmation
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