Memorial Health System’s Financial Strength and Fitch Rating Upgrade

To our patients, visitors, and community,

Today, I am pleased to share that Memorial Health System has received a significant bond rating upgrade from Fitch Ratings. This upgrade reflects the substantial improvements we have made in our operations over the past two years and highlights our commitment to providing the best possible care as your community hospital. 

During the most challenging times of the COVID-19 pandemic, Memorial was there for our community, caring for those most in need. Although we faced financial difficulties during this period, we remained focused on our mission. The turnaround initiatives we implemented have not only restored our financial health but have also strengthened our ability to serve you better.

Our hospital’s financial stability is further underscored by our very low debt ratio, which allows us to meet our obligations easily. Importantly, our bonds are backed solely by hospital revenues, ensuring that the financial health of our hospital does not place any burden on the city, county, or our residents.

The rating agencies have recognized our strong market position, the success of our strategic initiatives, and the essential role we play as a community hospital. With our commitment to growth and continued investment in our services, we are well-positioned to support the health and well-being of our community for years to come.

Thank you for trusting Memorial Health System with your care. We remain dedicated to our mission to heal, inspire, and transform the health of our community, and this recent upgrade is a testament to the strength and stability of our organization.

Sincerely,

Kent Nicaud
President & CEO
Memorial Health System