...Stormont-Vail HealthCare's (A2 positive, SVH) credit quality reflects SVH's leading primary market share as a tertiary referral center, continued growth and investment in its large employed multi-specialty physician group and further expansion into the fast growing Manhattan, KS market, which will translate to revenue growth opportunities. While industrywide labor shortages and pandemic related volume disruption that resulted in margin moderation in fiscal 2022 will persist into early 2023, the organization should be able to restore margins by leveraging its fundamentally good market position and pursuing growth opportunities. Additionally, SVH's rating incorporates expectations the organization will maintain a strong balance sheet, as measured by cash to debt, given manageable capital spending plans and moderate debt levels, which include a fully funded pension. Offsetting considerations include the presence of an academic affiliated medical center in SVH's primary market and a relatively...