The rating upgrade applies both to the system’s internal default rating and on a series of bonds. The outlook is stable.
“The raised rating reflects our view of the strategic value and anticipated benefits of the acquisition of UFHSJ by UF Health Shands,” said S&P Global Ratings credit analyst Wendy Taylor. “We believe the integration and synergies should allow UFHSJ to maintain its leading business position in an increasingly competitive market, better retain its broad enterprise profile characteristics, and improve its overall financial performance.”
UFHSJ refers to Flagler Health+ while UF Health Shands refers to the UF acute care hospital in Gainesville.
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.
