A number of strengths were considered for the rating affirmation, such as PHS’ large, integrated delivery system, which includes a multispecialty medical group employing more than 500 providers. The system also has over $2 billion in consolidated revenue and a 43 percent market share in Albuquerque.
The rating affirmation was also supported by PHS’ stable operating performance, solid balance sheet and good debt measures.
PHS also faces some challenges, such as its competitive operating environment in Albuquerque and high exposure to Medicaid as a provider and a payer.
More articles on healthcare finance:
S&P, Fitch and Moody’s affirm SCL Health’s bond ratings
Fitch assigns ‘AA-‘ rating to Munson Healthcare’s bonds
Moody’s affirms Southeast Georgia Health System’s ‘A2’ bond rating
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
