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Health & Fitness

St. Francis Rating Outlook Upgraded from "Stable" to "Positive"

Michael Morris, Neighbor

Shakopee’s St. Francis Regional Medical Center recently had its “A-“ bond rating reaffirmed by Chicago-based Fitch Ratings, and its outlook upgraded from “Stable” to “Positive.” The outlook was upgraded for several reasons, which included:

  • Strong financial performance for several years
  • Satisfactory liquidity levels
  • Beneficial ownership structure (St. Francis is jointly owned by Allina Health, HealthPartners and Essentia Health’s Critical Access Group)
  • Consistently strong operating performance
  • Favorable service area, with population growth, good physician supply and strong market share
  • Manageable debt burden
“St. Francis is very pleased to have our outlook upgraded, coupled with a strong bond rating. This is great news for the hospital and the community, coming at a time when the healthcare industry as a whole is faced with change resulting from healthcare reform, declining reimbursement from government payors and several cost cutting pressures” said Cindy Vincent, St. Francis’ Vice President of Finance and Operations. For more information about St. Francis, visit www.stfrancis-shakopee.com or the hospital’s Facebook page at http://www.facebook.com/SFRMC.  

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