The rating affirmation is a result of several factors, including the medical center’s improving operating performance, stable maximum annual debt service coverage, strong business position and favorable service area demographics.
“The outlook revision to stable reflects our view of HNMC’s improved operating performance in fiscal [year] 2017 and through the six-month interim period ended June 30,” said S&P credit analyst Melanie Her.
More articles on finance:
10 hospitals seeking RCM talent
7 latest hospital credit downgrades
Colorado hospitals doubled overhead spending over 7 years
