The rating affirmation is a result of Mercy’s favorable operating margins, improving liquidity metrics and limited capital spending plans. Moody’s also acknowledged the health system’s above-average leverage and heavy debt burden.
The positive outlook reflects Moody’s expectation that the health system will maintain strong operating margins and continue to improve liquidity.
More articles on healthcare finance:
Fewer medical mistakes saved hospitals $2.9B from 2014 to 2016
$28k: The average price healthcare will cost a family of 4 in 2018
9 latest hospital credit downgrades