Fitch Ratings has affirmed the "AA-" rating assigned to $118.4 million of series 2013A revenue bonds and $36.1 million of series 2009A revenue bonds issued on behalf of Cape Girardeau, Mo.-based Saint Francis Healthcare System.
The rating affirmation was supported by a number of factors, including the system's strong operating profitability, solid liquidity and manageable debt burden.
Additionally, SFHS expects to complete the construction of a new patient tower in July 2015. Fitch said the tower should further strengthen the system's operations, volumes and market position, and the increased number of beds should increase the system's revenue base.
More articles on healthcare finance:
10 hospital CFOs in the headlines this week
13 recent hospital outlook and rating actions
MedPAC makes 3 'two-midnight' rule recommendations