The outlook revision reflects challenges the health system faces to improving operations following material receivables write-offs and costs related to an IT conversion.
Moody’s also affirmed the “A3” rating on Lake Health’s $81 million of outstanding debt. The rating affirmation is based on the health system’s track record of consistent margins and expected rebound in performance in fiscal year 2017.
More articles on healthcare finance:
Moody’s affirms The Christ Hospital’s ‘A3’ rating
Moody’s affirms DCH Health System’s ‘A2’ rating
Moody’s affirms Aurora Health Care’s ‘A2’ rating
