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Broward Health Rating Upgraded
Date:11/2/2007

e in 2007. According to the rating agencies, the reduction in taxes provides Broward Health the capacity for additional revenue in the event of an emergency or unexpected economic event.

"Our operating strategy must be to continue to provide tax relief whenever possible while becoming more competitive," said Mike Fernandez, Chairman of the Board. "Our Board will continue to make the proper investments in the best technology and human capital. We truly understand the magnitude of our responsibility to do this while safeguarding every dollar entrusted to us."

Despite steep competition by four HCA hospitals, three Tenet hospitals and Holy Cross Hospital, Broward Health retained its place as the market leader with a third of all patients choosing Broward Health's hospitals and health centers.

Moody's report stated: "Under the direction of a new CEO and CFO, [Broward Health] is endeavoring to change its image from a safety-net health system to one where patients seek their care. Strategies include re-cultivating physician relationships, moving more quickly on capital decisions and enhancing ... clinical areas of excellence (neurosurgery, orthopedics, women and children's services, oncology and cardiology)." An additional strategy was the renaming of the North Broward Hospital District and its facilities to Broward Health, a major move in the recognition of the system as a complete network of healthcare services with one brand name.

Broward Health, providing service for more than 50 years, is a nationally recognized community health system offering world class health care services to our neighbors in South Florida. One of the five largest public health systems in the nation, Broward Health operates more than 30 healthcare facilities, including Broward General Medical Center, North Broward Medical Center, Imperial Point Medical Center, Coral Springs Medical Center, Chris Evert Children's Hospital, Weston Regional HealthPark, Community Health Service
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SOURCE Broward Health
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