The rating affirmation was supported by a number of factors, including South Nassau’s significant decrease in indirect debt and its growth in liquidity measures. At the end of fiscal year 2013, South Nassau had $153.2 million or 147 days cash on hand, up from $127 million or 125 days cash on hand at the end of FY 2012.
South Nassau also faces some challenges, which were considered for the rating affirmation, such as operating in a competitive market and experiencing flat patient volume over the last five years.
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