The assignment and affirmation are based on several factors, including the health system’s strong market share, good volume trends and solid investments. Moody’s unfavorably viewed the health system’s sizable debt, strong competition and heavy reliance on its flagship facility in Peoria.
The outlook remains negative, reflecting Moody’s concern that OSF may not be able to sustain margins to offset its high leverage.
More articles on healthcare finance:
Mercy Iowa City reports improved finances, ready to grow
For-profit hospital stock report: Sept. 17-21
Fitch: Nonprofit hospital balance sheet metrics improve, operating margins don’t
