Fitch revises Hackensack University Medical Center’s outlook to positive

Fitch Ratings has revised Hackensack (N.J.) University Medical Center’s outlook to positive from stable and upgraded the rating to “A” from “A-” on the following bonds:

Advertisement

  • $221.2 million of series 2008 bonds
  • $68.3 million of series 2010A bonds
  • $100.3 million of series 2010B bonds
  • $52.8 million of series 1997 bonds

The outlook revision and rating upgrade are based on several factors, including Hackensack’s steady profitability, solid market position and the anticipated benefits from the merger between Hackensack’s parent, Hackensack (N.J.) University Health Network, and Neptune, N.J.-based Meridian Health.

More articles on healthcare finance:
S&P assigns ‘AA’ rating to Mayo Clinic’s bonds
13 recent hospital outlook and credit rating actions
33 hospitals, health systems seeking RCM talent

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.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.