USC Arcadia has credit rating affirmed at 'BBB+'

Community hospital USC Arcadia (Calif.) had both its bonds and overall rating affirmed Jan. 12 at "BBB+" by Fitch amid expectations it will improve its operating profitability. The group's recent affiliation with the USC Keck School of Medicine will also benefit both entities strategically, Fitch said.

Los Angeles-based USC Keck has pledged approximately $200 million to expand USC Arcadia's outpatient presence and enhance key service lines, Fitch noted.

The rating also reflects USC Arcadia's stable market position as the leading community provider in its primary service area about 20 miles northeast of downtown Los Angeles.

The hospital is a 348-licensed-bed community hospital. The consolidated group had total revenues of $319 million for the 12-month unaudited period ended June 30, 2022.

The system rebranded from its original name of Methodist Hospital of Southern California in Arcadia at the time of the affiliation with USC Keck.

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