S&P also affirmed its outstanding “AA-” long-term and underlying ratings on Sutter Health’s existing debt.
“The rating on Sutter Health reflects a strong enterprise profile largely in the northern California [region], combined with a solid financial profile,” said S&P credit analyst Martin Arrick.
Sutter’s financial profile has long been characterized by strong margins and cash flow generating sound coverage consistent with the rating, tempered by a balance sheet that while strong overall and improving, is only adequate for the current rating, according to S&P.
The system’s rating outlook is stable.
More articles on healthcare finance:
Ohio hospital at risk of losing Medicare funding
8 recent hospital outlook and credit rating actions
Legislators reach compromise to privatize North Carolina’s $15B Medicaid program
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
