UMCC’s rating downgrade was based on a number of factors. The health system has had weak operating performance through the first nine-months of fiscal year 2014 associated with an IT system conversion. In addition, UMCC’s cash on hand has weakened over the last few years, with just 41 days of cash on hand as of March 31.
The health system’s negative outlook is based on the expectation that UMCC’s operating performance will remain challenged.
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