- $928.2 million of series 2016A bonds
- $78.1 million of series 2016B bonds
- $91.7 million of series 2016C bonds
- $250 million of 2016A taxable bonds
“The ratings reflect our view of Ascension’s excellent geographic and financial dispersion as the largest nongovernmental not-for-profit health system in the country; continued robust financial performance in fiscal 2016, as per our unaudited second quarter results through December 2015; significant unrestricted liquidity; and strong management practices,” said S&P credit analyst Kevin Holloran.
The rating outlook is stable, reflecting S&P’s view that Ascension’s strong operations and considerable liquidity position will likely remain unchanged in the next two years.
More articles on healthcare finance:
How rural hospitals in Wyoming work together to remain strong
OhioHealth chooses Fidelity Investments as recordkeeping provider for retirement plans
This week’s 5 must-reads for hospital CFOs
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.
