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Fitch says the hack of the UnitedHealth unit will have no credit impact on nonprofit hospitals

(Reuters) – Fitch expects no credit impact on nonprofit hospitals in the United States from the cyberattack on UnitedHealth’s Change Healthcare technology unit, which caused disruption at U.S. pharmacies, the ratings agency said on Monday.

The agency said it sees no negative rating implications related to the hack if healthcare providers can resume normal operations in the near term and maintain a sufficiently large cash inventory.

The Change cyberattack, which was revealed on February 21 and initially attributed to a “suspected nation-state-associated cybersecurity threat,” was later attributed to hackers identifying themselves as the “Blackcat” ransomware group.

Change Healthcare is an essential part of the insurance claims filing and processing system, as it processes approximately half of the medical claims in the United States.

(Reporting by Christy Santhosh in Bengaluru; Editing by Shailesh Kuber)

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