The lowered rating reflects S&P’s application of the “U.S. and Canadian Not-For-Profit Acute Care Health Organizations” criteria. The system has a strong enterprise profile characterized by a dominant market share at both of its acute care hospitals.
The rating outlook is stable.
More articles on healthcare finance:
Kansas community hospital clears hurdle to get sales tax help
How Novant Health alerts patients of split billing
Genesis HealthCare posts $6.9M net loss for 2018
