S&P also affirmed its “AA+” rating on NMHC’s series 2013 bonds and Chicago-based Northwestern Memorial Hospital’s series 2009A and 2009B bonds. S&P affirmed its “AA+/A-1+” rating on Northwestern Memorial Hospital’s series 2002C bonds.
“The ratings reflect our view of NMHC’s strong operations for the first nine months of fiscal 2016,” said S&P analyst Brian Williamson.
The outlook is stable, reflecting S&P’s opinion that NMHC will maintain strong operations as its leadership continues to maintain the expense base while investing in other facilities and affiliations.
More articles on healthcare finance:
University Medical Center of El Paso faces $17M deficit
RCM Tip of the Day: Focus on patient experience
BPCI hospitals drove down Medicare payments for lower extremity joint replacement by $1,166
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.