The upgrade reflects the health system’s increasing cash flow and liquidity as a result of a turnaround plan implemented by Irving, Texas-based Christus Health, which acquired Good Shepherd Health about one year ago. Moody’s also acknowledged GSHS’ risk from a large bond tender in 2020.
The outlook is developing because there will be significant developments within the next two years that will affect Moody’s rating and outlook, the most significant being the mandatory bond tender in 2020.
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