“The outlook revision reflects our opinion of CVHP’s continued strong financial performance, with solid maximum annual debt service coverage, and its good balance sheet, with continued growth in unrestricted reserves,” said S&P credit analyst Allison Bretz.
Other factors affecting the outlook revision and rating affirmation include CVHP’s very low debt load and strong management team.
More articles on healthcare finance:
Former Trinity Hospital equipment to be sold at online auction
41% of patients use payment plans for medical expenses
Milliman: Americans’ healthcare costs have tripled since 2001
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