The rating downgrade is based on several factors, including LGHS’ balance sheet metrics that are no longer appropriate for the “A3” rating.
The outlook is stable, reflecting Moody’s expectation that its new capacity and management initiatives will enable LGHS to generate adequate cash flow to improve balance sheet metrics.
More articles on healthcare finance:
CDC: Americans getting better at paying medical bills
Prodigo Solutions to help Novation clients reduce supply chain costs
Is consumer-driven healthcare just a myth?
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.