The system’s outlook is negative. “The outlook reflects our view of Presence Health’s continued operating losses in fiscal 2016 coupled with a weaker balance sheet that has limited room for losses at the levels seen in fiscal 2015 and interim 2016,” said S&P.
In 2015, Presence Health reported an operating loss of about $186 million, nearly 15 times the amount reported in the previous year.
More articles on healthcare finance:
Majority of healthcare executives expect finances to suffer in move to value-based contracts
Fort Worth hospital to close, 152 to lose jobs
Service cuts, layoffs may not be enough to save Oklahoma hospital, says CFO
