The rating affirmation was based on several factors, including Elliot’s leading market share in Manchester and operating, liquidity and debt coverage measures that are in line with Baa1-rated peers.
These attributes are offset by expected higher future capital spending and competition in the Manchester area.
The outlook has been revised to stable, reflecting Moody’s expectation of further improved performance given the 2014 settlement with New Hampshire over Medicaid disproportionate share funding. It also reflects Elliot’s improved operating performance and liquidity growth leading to improved debt coverage measures in fiscal year 2015.
More articles on finance:
5 most-read finance stories: Week of Aug. 3-7
Finding new solutions for uncompensated care in a post-reform era
Kindred revenues up 45% in Q2
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
