The rating assignment was supported by a number of factors, including Advocate’s consistent margins over the last several years, with its operating cash flow margins in the 10 percent to 11 percent range.
The rating assignment was also supported by the system’s leading market share in the greater Chicagoland area, with some of its individual hospitals maintaining leading or prominent shares in their local markets.
The system also faces some challenges, which were considered for the rating assignment, such as Advocate’s hospitals operating in increasingly competitive markets.
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