The rating affirmation is based on several factors, including Wake Forest Baptist’s position as a large academic medical center with a strong clinical reputation, solid market share and healthy balance sheet.
The outlook is stable, reflecting the fact that Wake Forest Baptist met its budget in fiscal year 2015 and made significant financial improvement over the past two years.
More articles on healthcare finance:
US hospitals see decline in uncompensated care rates due to the declining uninsured population: 6 findings
San Joaquin General reports better-than-expected financial picture for Q1: 3 key points
Mayo Clinic Q3 operating margin falls to 4.8% as labor costs grow
