The rating affirmation was supported by a number of factors, including Excela’s improved operating performance over the last 18 months and strong balance sheet ratios for the “A3” rating category.
The system also faces some challenges, which were considered for the rating affirmation, such as having high Medicare volumes.
The revision of the outlook to stable was based on Excela’s improved operating performance, low debt load and strong liquidity.
More articles on healthcare finance:
Geisinger admissions rise, net income falls
Moody’s to join EMMA later this year
CMS launches network to facilitate Medicare payment overhaul
