“We assessed Hanover’s enterprise profile as adequate characterized by leading market share in a modestly sized primary service area, and its financial profile as strong with healthy financial performance in recent years and improved balance sheet ratios,” said Jennifer Soule, an S&P analyst.
The hospital’s outlook is stable.
More articles on healthcare finance:
Michigan physician-owned hospital files for bankruptcy
10 hospitals and health systems with strong finances
Baptist Health sees strong financial growth: 5 things to know
