A new report shows that there is a level of concern about the finances of Butler Health System.
Fitch Ratings, who is a leading American credit rating agency, recently placed Butler Health System on a rating watch.
Essentially, the group says that the healthcare agency is in a difficult financial position after operating at a loss for two consecutive years.
Back in 2020, the group downgraded Butler Health System to an “A” rating with a negative outlook.
However, they noted that the potential merger with Excela would help improve the financial health of the system.
According to the report, Fitch Ratings said a “formal agreement and required regulatory and board approvals are expected to extend through the end of year. Fitch will take rating action at the appropriate time as the process unfolds and once additional details are known.”
