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
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.