Fitch rates North Shore- LIJ Health System’s bonds: 3 things to know

Fitch Ratings has assigned an "A" rating to $500 million of series 2015A revenue bonds issued on behalf of Great Neck, N.Y.-based North Shore-Long Island Jewish Health System.

Here are three things to know about the rating and the system's outlook.

1. The rating action is based on a number of factors, including NSLIJ's expanding geographic coverage, significant level of integration and leading market share.

2.  The system also faces a manageable debt burden, as well as a compressed operating margin due to flattening inpatient volumes and expenses related to investment in system growth and diversification, according to Fitch.

3. The system's outlook is stable.

 

More articles on healthcare finance:

CFOs hoping to skirt Cadillac Tax

Fitch assigns 'A-' rating to Nebraska Methodist Health System's bonds: 3 things to know

 most-read finance stories: Week of May 18-22

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars