Standard & Poor's Affirms Children's Hospital's AA-/Stable Bond Rating
10/7/2013 3:13:13 PM

Standard & Poor’s Rating Services affirmed its "AA-” issuer credit rating (ICR) to Children’s Hospital - the highest bond rating of any hospital in the state.

Children’s parent corporation is Louisiana Children’s Medical Center (LCMC), whose entities are Children’s, Touro Infirmary, and effective June 24, 2013, University Medical Center Management Corporation (UMCMC), which will manage the Interim LSU Hospital (ILH).

LCMC is a local integrated not-for-profit academic healthcare system with current cash reserves in excess of $1 billion. As of June 24, it will operate more than 620 inpatient beds with a staff of more than 5,400 employees. 

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