Proceeds of the series 2015 bonds will partly fund VVMC’s $180 million five-year capital spending plan.
“The ‘A’ rating reflects our assessment of VVMC’s solid business position in a limited market that is very outpatient focused, consistently strong operations and robust pro forma debt service coverage at maximum annual debt service and very strong liquidity,” said Karl Propst, an S&P credit analyst.
The hospital’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
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.