Moody’s Investors Service has assigned an “Aa3” rating to UPMC bonds and affirmed a stable outlook for the system. The system shows financial rigor and accountability, and its unrestricted cash and investments strengthened to nearly $3.5 billion as of June 30, according to Moody’s.
Mr. DeMichiei has served in his current position at UPMC since 2004. Previously, he held various executive financial positions with the General Electric, such as CFO of GE Transportation Systems’ Global Service Operations. He also served as manager of finance, global business development and integration for GE Energy.
He is a certified public accountant and graduated from the University of Pittsburgh.
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