Moody’s also revised the system’s outlook to stable from positive.
The outlook revision and rating affirmation were based on a number of factors, including SJHS’ poorer-than-expected operating performance over the last several years.
The system’s challenges are somewhat offset by its large revenue base and strong market position, which Moody’s considered for the outlook revision.
More articles on finance:
Moody’s upgrades Kettering Health Network’s bond rating
Moody’s affirms Cabell Huntington Hospital’s bond rating: 4 things to know
Public hospitals in states that expanded Medicaid see rare financial gains
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.