CFO Terry Shaw: Bolstering Adventist Health System's Credit
Mr. Shaw, who also serves as Adventist's COO, has solidified the health system's financial performance over the past few years. Moody's Investors Service, which recently assigned an Aa3 rating to Adventist's $311 million in fixed-rate bonds, said Adventist continues to report strong annual earnings "under the direction of seasoned leadership" such as Mr. Shaw and others.
In fiscal year 2011, Adventist's cash flow margin was 13.6 percent, up from 12.9 percent in FY 2010. Adventist has also significantly grown its liquidity over the past several years — at the end of FY 2011, Adventist had $3.9 billion in cash reserves and 224 days cash on hand.
Moody's also revised Adventist's rating outlook to positive from stable, citing the health system's growing fiscal stability. "The positive outlook positions the rating for an upgrade over the next two years as debt coverage measures show further improvement given the organization's remarkably consistent financial performance," according to the Moody's report.
Prior to his current positions, Mr. Shaw served as senior vice president and CFO of Adventist's Florida Division. He also was the vice president, assistant vice president and director of DRG management at Florida Hospital Orlando.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at email@example.com.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.