The rating affirmation was based on Willis-Knighton’s strong 8.4 percent operating margin, 13.7 percent operating cash flow margin and 65.5 percent leading market share in its two-parish primary service area.
The rating affirmation and outlook revision were also supported by the hospital’s improved balance sheet metrics, solid operating performance and Moody’s belief that Willis-Knighton will successfully manage its IT implementation.
The health system also faces some challenges, which were considered for the rating affirmation, such as its low liquidity, competitive local market and continued capital spending.
More articles on healthcare finance:
Moody’s downgrades Bethesda Healthcare System’s bond rating to ‘Baa1’
Moody’s affirms Presbyterian Healthcare Services’ ‘A3’ bond rating
Fitch assigns ‘AA-‘ rating to Munson Healthcare’s bonds
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
