Moody's Investors Service has upgraded Rancho Mirage, Calif.-based Eisenhower Medical Center's outlook to stable from negative and affirmed the hospital's "Baa2" bond rating.
The 476-bed community hospital's strengths were considered for the outlook revision, including its return to strong levels of operating cash flow over the last 12 months.
The rating affirmation was based on a number of factors, including Eisenhower Medical Center's stable market position and manageable capital needs.
The hospital also faces some challenges, which were considered for the rating affirmation, such as having very high Medicare exposure, according to Moody's.
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