Providence St. Joseph Health was formed by the merging of Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health in July.
“The rating assignment reflects PSJH’s very strong enterprise profile characterized by excellent geographic and financial dispersion, generally strong market positions in its eight natural, regionally centered markets, and a strong, forward-looking management team that has moved very quickly to create a unified management and board structure for the newly formed organization,” said S&P analyst Martin Arrick.
The outlook is stable, reflecting PSJH’s favorable enterprise profile and strong financial profile.
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