S&P revises outlook on Adena Health System's debt to stable

S&P has revised the outlook to stable from negative on Chillicothe, Ohio-based Adena Health System's revenue debt.

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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