“The outlook revision reflects the hospital’s materially weaker financial profile largely due to its information technology system installation and the $4.6 million acquisition of three assisted living facilities in 2016,” said S&P analyst Patrick Zagar.
The ratings agency also affirmed the “BBB” long-term rating on the hospital’s series 2014 revenue bonds.
More articles on healthcare finance:
Moody’s affirms ‘Aa3’ rating on Methodist Health System’s debt
Moody’s affirms ‘Ba3’ rating on Antelope Valley Healthcare District’s debt
S&P assigns ‘AA-‘ rating to Oregon Health and Science University’s bonds
