Madison-based University of Wisconsin Health had its ratings affirmed on various bonds as the system boosts its market share and continues to exhibit a strong financial profile, S&P Global said March 8.
The health system has performed strongly through the macro challenges facing health systems nationally and has a stable outlook amid expectations it will maintain its financial performance at or near current levels over the next few years, S&P said. The ratings on various bonds are "AAA" and "AA-."
"The system further benefits from a stable, well-tenured management team, which successfully maintained financial strength through a period of growth and significant industry headwinds," the ratings agency added.
UW Health operates its flagship 505-bed University Hospital in Madison as well as four other hospital sites in Wisconsin and Illinois. It also has a majority share in Quartz Health, Wisconsin's second largest health insurance provider.
Revenues for the six months ending Dec. 31, 2022, totaled $2.1 billion, with net income for the period at $43.5 million.