The outlook revision is based on several factors, including S&P’s expectation that Adena’s expense management efforts, physician recruitment and management plans will help it improve operating results closer to historic levels.
S&P also affirmed the “A-” long-term rating and underlying rating on the system’s debt.
More hospital outlook and credit rating actions:
Fitch assigns ‘A+’ rating to St. Luke’s Episcopal-Presbyterian Hospitals’ bonds
S&P lowers rating on New Liberty Hospital District’s bonds
Moody’s assigns ‘Baa1’ to Washington Township Health Care District’s bonds
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