S&P assigns ‘A+’ rating to Memorial Hermann Health System’s bonds

S&P Global Ratings has assigned an “A+” rating to Houston-based Memorial Hermann Health System’s $132.45 million of series 2016A fixed rate revenue bonds.

Advertisement

“The ‘A+’ rating reflects our assessment of Memorial Hermann’s market-leading position, consistent operating performance in fiscal year 2016 year-to-date, continued improvement to unrestricted reserves and key liquidity ratios; and strategic footprint in the Texas Medical Center and surrounding Houston communities,” said Kevin Holloran.

The outlook is positive, reflecting S&P’s expectation that Memorial Hermann’s financial performance will remain consistent.

More articles on healthcare finance:
3 obvious and not-so-obvious reasons hospitals close
CMS gives initial OK for hospital outpatient billing of the Verax PGD test
New campaign in Kansas targets Medicaid expansion

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.