US for-profit hospital industry outlook moved to stable on higher EBITDA as patient volumes return to pre-COVID levels

Commentary by: Todd Perman, CCIM, Vice Chairman, Global Healthcare Services

The outlook for U.S. for-profit hospitals has been upgraded to stable by Moody’s, an encouraging sign for hospital recovery. Steadily growing patient volumes, the return of elective surgeries and government aid are the main factors expected to boost the hospital industry over the next 12-18 months. Patient volumes are currently at approximately 85% of pre-pandemic levels and the remaining 15% is projected to return during this same time period. Low, single digit EBITDA growth is also predicted over the next year, indicating that improving business conditions are ahead for the industry.

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