While Oregon Health & Science had its “AA-” credit rating affirmed, the outlook was revised to negative.
The two-hospital system had operating revenue of $3.3 billion for the nine months ending March 31, S&P said in the report.
While the system has “financial flexibility,” it also has what S&P described as an “ambitious capital strategy.” Oregon Health & Science is building a new 14-story patient tower in Portland.
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