“The outlook revision reflects our view of Bayhealth’s continued solid operating performance, albeit slightly lighter than in prior years; strong balance sheet; and further clarity on its Milford (Del.) Memorial Hospital replacement facility project,” said S&P analyst Margaret McNamara.
S&P expects Bayhealth’s cash flow to remain solid over the next several years, allowing it to replenish its balance sheet as it spends on the new facility.
More articles on healthcare finance:
A state-by-state breakdown of 57 rural hospital closures
2 Kansas hospitals at risk of closing must look past 136-year-old rivalry for solution
Carolinas HealthCare expansion efforts pay off in first half of 2015
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.