MIAMI, May 6, 2024
/PRNewswire/ -- Nicklaus Children's Health System this month
received an upgraded AA- bond rating with a Stable outlook from
Fitch Ratings and a reaffirmed A rating with an improved Positive
outlook from Standard and Poor's.
"The continued strength of our credit and outlook ratings is a
testament to our organization's dedication to advancing our
pediatric care leadership in the region," said Matthew A. Love, President and CEO. "It reflects
the hard work of our entire health system family and our shared
focus on optimizing patient care, the well-being of employees,
operational fundamentals and strategic growth."
The health system, which includes a nonprofit 307-bed
freestanding children's hospital and an expansive network of
pediatric outpatient centers extending throughout South Florida, was recognized by the rating
agencies for its position as the premier pediatric hospital in
South Florida. It was also
recognized for its leading and growing market share, an expanding
ambulatory footprint and growing hospital affiliations in the
region.
For more information about Nicklaus Children's Health System and
its flagship, Nicklaus Children's Hospital, please visit
www.nicklauschildrens.org.
About Nicklaus Children's Health System
About Nicklaus
Children's Health System (NCHS) is the parent organization of
Nicklaus Children's Hospital, South
Florida's only licensed specialty hospital exclusively for
children. The 307-bed nonprofit was founded in 1950 by Variety
Clubs International and is renowned for excellence in all aspects
of pediatric medicine, with many programs routinely ranked among
the nation's best by U.S. News & World Report. The health
system also includes Nicklaus Children's Hospital Foundation, the
organization's 501c3 fundraising arm; a network of nonprofit
outpatient and urgent care centers situated in Miami-Dade, Broward, Palm
Beach and Martin counties;
a nonprofit physician practice subsidiary; and an ambulatory
surgery center. NCHS is the region's only healthcare system
exclusively for children.
For more information:
Rachel Bixby
305-898-9165
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SOURCE Nicklaus Children's Health System