Fitch affirms University of Maryland Medical System’s bond rating

Fitch Ratings has affirmed the “A” rating on approximately $1.1 billion of revenue bonds issued on behalf of University of Maryland Medical System in Baltimore.

Advertisement

The rating affirmation was based on a number of factors, including UMMS’ 2014 financial results being on target. The system had an operating margin of 1.6 percent and an operating EBITDA margin of 9 percent in 2014.

The system faces some challenges, which were considered for the rating affirmation, such a having weak liquidity and an elevated debt burden.

More articles on healthcare finance:


Top 5 strategic areas CFOs are tackling
West Penn Allegheny Health System narrows losses in 2014
Gilead’s profit surges to $3.5B

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.