The rating affirmation is based on several factors, including HSC’s improved operations in fiscal year 2016 and its market niche as a long-term acute care hospital for chronic diseases and rehabilitation.
After affirming the rating, S&P subsequently withdrew its underlying rating on HSC’s series 2007C bonds per HSC management’s request.
The outlook is stable, reflecting S&P’s view that HSC’s niche services provide it with a healthy enterprise profile.
More articles on healthcare finance:
CFO roundtable: 3 finance leaders on clinical staffing, retention issues
OIG audit identifies $359M in unneeded Medicare spending on chiropractic care for 2013
Full-page ad bashes CHS-owned hospital over billing, quality
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.