Navigation Links
Fitch, Standard & Poor's Upgrade Scripps Health to AA-; Scripps to Issue $220 Million in Hospital Revenue Bonds
Date:2/1/2010

Fitch Ratings and Standard & Poor’s Rating Services have upgraded Scripps Health from an A+ to a AA- rating with a stable outlook for the issuance of $220 million in California Health Facilities Finance Authority revenue bonds. Proceeds from the series 2010 revenue bonds will fund $120 million in capital projects at Scripps Health’s various patient care facilities and will reimburse Scripps Health for approximately $100 million in prior capital expenditures.

San Diego, CA (Vocus) Feb. 1, 2010 -- Fitch Ratings and Standard & Poor’s Rating Services have upgraded Scripps Health from an A+ to a AA- rating with a stable outlook for the issuance of $220 million in California Health Facilities Finance Authority revenue bonds. In addition, Scripps’ A1 rating was recently reaffirmed by Moody’s Investors Service.

Scripps Health will issue the $220 million in three series, with $120 million issued as fixed rate bonds and the remaining $100 million issued as variable rate bonds. The bond offerings are expected to close by Feb. 4, 2010.

Proceeds from the series 2010 revenue bonds will fund $120 million in capital projects at Scripps Health’s various patient care facilities and will reimburse Scripps Health for approximately $100 million in prior capital expenditures.

In issuing its upgrade, Fitch reported that “Scripps Health has maintained a strong financial profile which continues to exhibit solid operational performance, strong cash flow generation and manageable debt burden.” Standard & Poor’s noted that fiscal year 2009 marked Scripps’ “eighth consecutive year of consistent solid profitability driven by the current management team.”

Scripps Health’s capital plan for fiscal y
'/>"/>

Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved

Page: 1 2

Related medicine news :

1. Quality of compounded medicines supported by new standards
2. Standard Methods Miss 50% of Pharmaceutical Key Opinion Leaders
3. EPA Unveils Stricter Smog Standards
4. Few breast cancer surgeons follow quality of care standards, U-M study finds
5. 5,000 Web Sites Selling Prescription Drugs Outside of Pharmacy Laws and Practice Standards
6. Brand-New Radiology Clinic Exceeds Every Industry Performance Standard Using MedInformatix RIS
7. After Tough 2009, Improved Accountability and Consistent Insurance Industry Standards Key in 2010
8. Exposing the Double Standard of the Forgotten Cancer: Biggest Cancer Killer for Women and Men, Lung Cancer, Receives Least Research Funds
9. Edifecs Testifies Before NCVHS Standards Subcommittee Regarding HIPAA 5010 and ICD-10 Testing
10. Secure-24 and ATMP Consulting Group Launch Partnership for Private Practice Physicians to Meet IT and Electronic Medical Record Standards
11. Cleaning Up Indoor Air Quality: New Certification Standard for Cleaning Products Will Help Millions of People Make More Educated Choices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/27/2015)... 27, 2015 With support from Google, the ... at MoMath, a new collaboration offering Title I schools in ... museum in North America on ten days over the next ... 6-8 from seven schools in the Bronx and Queens will ... , MoMath strives to fulfill the incredible demand for hands-on ...
(Date:2/27/2015)... (PRWEB) February 27, 2015 Local lice removal ... rise, particularly in the areas of Pinecrest, Key Biscayne, Coral ... and frustrated as they attempt to isolate and eradicate the ... the common “selfie” photograph may be partly to blame. As ... the kind of head-to-head contact that can allow for the ...
(Date:2/27/2015)... February 27, 2015 The decision to relocate ... newer facilities and to make camp more accessible to campers ... for a Contact Football Camp. The fields are in premier ... the country,” states Mike de Surville, vice president of US ... comprised of experienced coaches with the passion to create a ...
(Date:2/27/2015)... The Radiology Business Management Association ... class of Fellows — one of the most highly ... , Since 2009, the RBMA Fellowship program has ... members to the Association and the profession. Fellow of ... Fellow candidate must meet a very high standard for ...
(Date:2/27/2015)... 2015 With Spring’s wet weather on the ... of their crawl spaces in mind. The latest article ... common FAQs regarding crawl space conditions and repairs. , ... owners that are confused as to how water is getting ... the most common ways is through cracks in the foundation, ...
Breaking Medicine News(10 mins):Health News:National Museum of Mathematics and Google Collaborate to Offer Cost-Free Field Trip Days for Title I Schools in NYC 2Health News:National Museum of Mathematics and Google Collaborate to Offer Cost-Free Field Trip Days for Title I Schools in NYC 3Health News:Parents frustrated as selfies continue to contribute to the spread of head lice in Miami according to the largest Lice Removal Service in Miami called Lice Troopers 2Health News:US Sports Camps Football Camps Announce New Contact Football Camp Northeast Location 2Health News:RBMA Issues Call for Fellowship Applicants 2Health News:Crawl Space FAQs are Answered in Clean Crawls Latest Article 2
... , WASHINGTON, July 24 Today the ... Mike Pence (R-Ind.) that would have prevented family planning funds ... to Planned Parenthood. The amendment was to be attached ... Planned Parenthood is the nation,s largest abortion organization, and ...
... , , , SANTA MONICA, Calif., July 24 The ... , Wendell Potter, former head of corporate communications for CIGNA health insurance , ... , , Where : , Hilton ... Level , 333 O,Farrell Street , San Francisco, CA 94102 , ...
... stigma barriers to prevention and treatment for this hard-hit group, ... new study finds that the high death rates from breast ... to cultural beliefs, not barriers such as poor access to ... ranks second on the list of cancer-related deaths in American ...
... central nervous system has long been considered impossible, French ... just developed a strategy that could promote neuronal regeneration ... published in the journal PLoS ONE . , ... voluntary motor activity through axonal re-growth has long been ...
... , Despite Rising Unemployment, the ... , , COSTA MESA, Calif., July ... USA continues to see job opportunities for qualified professionals in the ... rate is over 11%, Adecco USA currently has demand for 300 ...
... WASHINGTON, July 24 After reviewing scientific studies of the ... of Sciences has determined there is "limited or suggestive evidence" of ... to Agent Orange. , , "We ... conclusions," said John Rowan, National President of Vietnam Veterans of America ...
Cached Medicine News:Health News:CIGNA Whistleblower Calls for More Heath Insurance Accountability in Heath Care Reform 2Health News:Culture May Help Raise Breast Cancer Death Rate for American Indians 2Health News:Neuronal survival and axonal regrowth obtained in vitro 2Health News:Wanted: Orange County, California Licensed Pharmacy Technicians 2Health News:Wanted: Orange County, California Licensed Pharmacy Technicians 3
(Date:2/26/2015)... WASHINGTON , Feb. 26, 2015 Legislation ... includes a pharmacy provision to help prevent inappropriate prescriptions ... The Protecting the Integrity of Medicare Act (PIMA) ... Subcommittee Chairman Kevin Brady (R-TX) and Ranking ... the prescription drug abuse epidemic and implement the right ...
(Date:2/26/2015)... , Feb. 26, 2015 Research and Markets ... the "Radiation Therapy Equipment - Global Strategic Business ... This report analyzes the worldwide markets for Radiation Therapy ... Linear Accelerator, Treatment Planning Systems, and Radiation Therapy Simulator. ... Canada , Japan ...
(Date:2/26/2015)... 2015  Spring Bank Pharmaceuticals, Inc., a clinical-stage ... of virus infections, today announced that Jonathan ... President of Finance, a newly created role.  Mr. ... activities, including financial planning and reporting, accounting and ... Jensen , President and CEO. ...
Breaking Medicine Technology:PCMA Statement on the 'Protecting the Integrity of Medicare Act' 2Radiation Therapy Equipment - Global Strategic Business Report 2015-2020: Linear Accelerator, Treatment Planning Systems, and Radiation Therapy Simulator 2Jonathan P. Freve, CPA, Joins Spring Bank Pharmaceuticals as Vice President of Finance 2
Selute Picotip Atrial-J steroid eluting passive fixation lead...
Unipolar Atrial "J" Lead...
VascoTip is a unipolar tined permanent pacing lead. Due to advanced technology, VascoTip 9/60 M is compatible to all pacemaker-cavities with the size of IS-1 (3.2 mm), 5 mm, 6 mm....
VascoTip is a unipolar tined permanent pacing lead. Due to advanced technology, VascoTip 9/60 M is compatible to all pacemaker-cavities with the size of IS-1 (3.2 mm), 5 mm, 6 mm....
Medicine Products: