The hospitals strengths were considered for the rating affirmation, including its improved operating performance and dominant market position. SCH maintains a leading market share of 51 percent in its primary service area.
The hospital also faces some challenges, which were considered for the rating action, such as having “risky” debt structure, with “100 percent variable rate mode,” according to Moody’s.
More articles on healthcare finance:
S&P: Outlook for nonprofit healthcare remains negative for 2015
Moody’s affirms Northwest Community Hospital’s ‘A2’ bond ratings
Evaluating potential partners: Q&A with Sherman Oaks Hospital CFO Kanner Tillman
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