As of Aug. 1, LGH entered into an affiliation agreement with Philadelphia-based University of Pennsylvania Health System, which S&P currently rates as “AA-” and stable.
“The revised outlook reflects our view that LGH’s rating cannot be higher than its group, UPHS,” said S&P credit analyst Jessica Goldman. “The ratings reflect our assessment of LGH’s healthy balance sheet, characterized by low leverage and above-median level liquidity.”
More articles on finance:
Emerus announces investment by Welsh, Carson, Anderson & Stowe
3 negative, 19 positive hospital rating actions in past month
Hospital closure sparks interest in Kansas Medicaid expansion
