The rating assignment is based on a number of factors, including BayCare’s strong financial performance, excellent liquidity position and leading market position despite major competition in its primary service area.
These strengths are offset by challenges associated with BayCare’s growth strategy through recent acquisitions, as well as its endeavor to launch a health plan.
The outlook is stable, reflecting Moody’s Investors Service’s belief that BayCare’s financial performance will continue to mirror historical levels.
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