“The negative outlook reflects weaker-than-expected operating results in fiscal [year] 2016…coupled with increased malpractice and risk management costs related to several cases from 2015,” said S&P analyst Stephen Infranco.
S&P also affirmed the hospital’s “A-” rating.
More articles on healthcare finance:
Fitch affirms ‘BB’ rating on Marietta Memorial Health System’s bonds
S&P assigns ‘AA-/A-+’ rating to Hospital Sisters Health System’s bonds
Moody’s affirms ‘Aa3’ rating on Partners HealthCare’s bonds
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