NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: 2014 Median Ratios for Nonprofit
Hospitals and Healthcare Systems
For the first time in the past six fiscal years, Fitch Ratings has observed a decline in operating profitability across all rating categories. A significant mitigant against profitability pressure has been a strengthening of balance sheet metrics, continuing a year-over-year improvement.
Fitch's key concerns within the sector revolve around industry pressures, which continue to prompt consolidation activity and will continue pressure operating performance. Still, Fitch notes its portfolio strength remains, as evidenced by a median rating of 'A' and growing percentage of borrowers rated 'AA-' and higher over the past 10 fiscal years.
Fitch Ratings will be hosting a teleconference on Thursday, August 14th at 2:00pm EDT to discuss the agency's medians for nonprofit hospitals and health care systems.
During the teleconference, Fitch analysts Jim LeBuhn, Michael Burger, and Emily Wadhwani will share their insights on the broad trends impacting the sector, including a mid-year outlook.
Prepared remarks will last approximately 15 minutes with a Q&A session to follow.
Please use the following to participate:
Toll-Free Dial-In Number: (877) 467-8597
International Dial-In Number: (706) 643-6296
Conference ID: 80250904
A replay of the call will be available for 30 days beginning at 5:00pm EDT on August 14th using the numbers below:
U.S: (855) 859-2056
International: (404) 537-3406
Conference ID: 80250904
For more information, a special report titled '2014 Median Ratios for Nonprofit Hospitals and Healthcare Systems' is available on the Fitch Ratings web site at www.fitchratings.com, or by clicking on the link.
Additionally, Fitch has released its inaugural version of the 2014 Nonprofit Hospitals and Healthcare Systems Interactive Peer Study, an interactive Excel-based analytical tool for comparing a hospital's and/or healthcare system's key financial metrics to median calculations on a notch-specific rating basis for comparable entities rated within the same rating category (i.e. 'AA', 'A', 'BBB') and against the Fitch's portfolio of credits included in the median report. The Peer Study is available on the Fitch's website, at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
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'2014 Median Ratios for Nonprofit Hospitals and Healthcare Systems'