Becker's Healthcare December 17, 2024
Madeline Ashley

As rising interest rates push the cost of debt higher, heavily leveraged health systems are cutting back and selling assets, creating growth opportunities for financially stronger players ready to capitalize on the shake-up.

Here are 34 health systems ranked by their long-term debt:

Note: This is not an exhaustive list. The following long-term debt figures are taken from each health system’s most recent financial report.

1. HCA Healthcare (Nashville, Tenn.): $38.3 billion

2. Tenet Healthcare (Dallas): $12.8 billion

3. Kaiser Permanente (Oakland, Calif.): $12 billion

4. Community Health Systems (Franklin, Tenn.): $11.5 billion

5. Providence (Renton, Wash.): $7.7 billion

6. UPMC (Pittsburgh): $6.2 billion

7. Universal Health Services (King of Prussia, Pa.): $4.6 billion

8. Cleveland Clinic: $4.6 billion

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