The rating assignment was based on a number of factors, including CHS’ strong and growing market position.
The system also faces some challenges, which were considered for the rating assignment, such as having a large pension obligation.
The outlook revision was based on the system’s improved operating margins and Moody’s expectation that the system will experience further growth in absolute liquidity given manageable capital spending and likely greater returns from planned asset reallocation.
More articles on healthcare finance:
Sentara Healthcare net surplus falls to $359.9M
13 recent hospital outlook and rating actions
10 hospital CFOs in the headlines this week
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
