S&P assigns ‘A+’ rating to Sanford Health’s bonds

S&P has assigned an “A+” long-term rating to $183 million of fixed rate series 2015A bonds issued on behalf of Sioux Falls, S.D.-based Sanford Health by the South Dakota Health & Educational Facilities Authority.

Advertisement

“The rating reflects our view of Sanford’s strong business position, dramatically higher earnings and cash flow in fiscal year 2015, advantages from a largely all employed physician staff, volume growth, anticipated benefits from the capital projects and ownership of a health plan,” said Cynthia Keller, an S&P credit analyst.

The system’s credit outlook is stable.

More articles on healthcare finance:

9 hospital closures so far in 2015
Dignity Health’s operating income jumps 47% as net surplus tumbles
5 hospitals with strong finances

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.