The outlook remains positive.
“The ‘A’ rating reflects our view of OSF’s successful improvement to the organization’s operations during the past several years, after a challenging fiscal 2013, in addition to steady growth of unrestricted reserves,” said S&P analyst Kevin Holloran. “The stronger balance sheet, improved operations and management’s determined approach to be appropriately prepared for the transition to population health continue to support the positive outlook.”
More articles on healthcare finance:
Moody’s assigns ‘Baa2’ rating to King’s Daughters Medical Center’s bonds
Washington state plans action following California balance billing legislation approval
14 recent hospital outlook and credit rating actions
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.