The rating revision is based on several factors, including BHS’ growing patient volume, dominant market share and healthy cashflow margins.
“The stable outlook reflects our view that BHS has maintained solid enterprise and financial profiles in recent years, in line with our expectations,” said S&P credit analyst Jennifer Soule.
Though unlikely, a lower rating or negative outlook may be possible if BHS’ net patient revenue declines or accumulates excessive debt.
More hospital outlook and credit rating actions:
Fitch upgrades Holy Redeemer Health System’s bonds to ‘BBB’
S&P assigns ‘A-‘ rating to Nacogdoches County Hospital District’s bonds
Moody’s downgrades Good Samaritan Hospital’s rating to ‘Baa2’
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.
