The rating affirmation was supported by a number of factors, including the eight-hospital system’s growing market share. MLHC has a 41 percent market share, which is the leading share in its primary service area.
The rating affirmation was also supported by the system’s good liquidity, with 204 days cash on had as of June 30.
MLHC also faces some challenges, which were considered for the rating affirmation, such as operating in a highly competitive market.
The outlook revision was based on a number of factors, including the potential temporary nature of certain Medicaid disproportionate share funds.
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6 recent hospital rating and outlook changes, affirmations
