Moody’s affirms Saint Luke’s Health System’s rating

Moody’s Investors Service has affirmed Kansas City, Mo.-based Saint Luke’s Health System’s “A1” rating, affecting approximately $361 million of rated bonds outstanding.

Advertisement

The rating affirmation was supported by SLHS’s maintenance of stable and good operating margins, broad market reach throughout the Kansas City area and adequate debt ratios.

The health system also faces some challenges, such as liquidity ratios that continue to be somewhat modest at the “A1” rating level. SLHS also faces considerable competition in the market.

 

More articles on healthcare finance:

Too soon to commit to one post-acute bundled payment approach, AHA says

OIG: Florida Hospital Orlando received $11.5M in Medicare overpayments

Obama signs ‘doc fix’ bill

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.