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Children’s hospitals were spared from the worst ravages of the pandemic, putting them in a much stronger financial position than their acute-care peers.

At their January 2022 peak, Covid-19 hospitalizations were more than five times higher across all age groups compared with kids, even though kids have far lower Covid-19 vaccination rates than adults. The result, according to a new Fitch report, is children’s hospitals have more cash and stronger margins than larger hospitals.

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