About half of the soon-to-be-issued bonds will be spent on prior capital projects and the other half for current and future construction plans, Fitch said.
“The ‘A+’ long-term rating reflects Fitch’s view of Norton’s position as the leading acute care provider in its primary service area, its historically strong and consistent operations, and a steadily improving financial profile,” according to the note.
Norton Healthcare, a six-hospital system, had $3.6 billion in total revenue in fiscal 2022, according to Fitch.
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