Additionally, Moody’s affirmed the “A1” rating on Self Regional Healthcare’s outstanding debt issued through Greenwood County.
The assignment and affirmation are a result of several factors, including SRH’s solid market position, healthy liquidity metrics and plan to make its debt structure less risky. Moody’s also acknowledged SRH’s weaker financial metrics.
The outlook is stable, reflecting Moody’s expectation that SRH will maintain favorable balance sheet metrics while implementing a new EMR and see a reduction in debt risk through the restructuring plan.
More articles on healthcare finance:
Steward Health Care withholds financial information amid growth
Analysis: HCA, Tenet see uncompensated care costs rise this year
Financial updates from Advocate Health Care, Cleveland Clinic & 3 other systems