Moody’s Upgrades UC Health Rating

UC Health has received a positive evaluation of its financial and operational strength as Moody’s Investors Service, a major bond-ratings agency in the United States, upgraded its rating this week to A2 with a stable outlook.

The rating by Moody’s was followed by yet another long-term bond rating of A for UC Health by Standard & Poor’s (S&P) Ratings Services.

UC Health has now seen ratings increases in each of the last three years, being upgraded by both S&P and Moody’s in 2014, again by S&P in 2015, and now again by Moody’s in 2016.
Both ratings agencies cited UC Health’s growing market share and strong market position as the region’s only academic health system.

“We’re extremely proud of this external affirmation of our financial strength,” said Richard P. Lofgren, MD, president and chief executive officer of UC Health. “The ratings suggest that our focus on advanced specialty care and our efforts to extend our reach has been well received. This news serves as recognition of the critical role we play in service to the Greater Cincinnati community and to our region.”

Cited by Moody’s as contributing factors in their ratings upgrade were:
• UC Health’s role as the primary teaching hospital for the University of Cincinnati.
• Strong revenue growth driven by increasing volumes and acuity.
• A low debt-to-cashflow ratio and manageable capital spending.

Standard and Poor’s cited UC Health’s “sound and growing inpatient market share as the region’s only academic medical center.” It also called attention to UC Health’s successful integration of UC Physicians into its operations, strong physician recruitment and continued success of the health system’s West Chester Hospital.

Read the complete report.

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