The downgrade is based on a number of factors, including SPH’s elevated risk of debt acceleration, marked decline in financial performance and vulnerability as a small provider with close proximity to larger systems in Madison, Wis.
The outlook is negative, reflecting Moody’s Investors Service’s expectation that SPH will continue to experience financial pressure in the near term.
More articles on healthcare finance:
Charity care declines by 50% at Wisconsin hospitals
Amid Illinois budget crisis, Springfield Clinic will bill patients for back payments
6 of 10 S&P worst-performing stocks in healthcare
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.
