Bellin Health Care Systems, Green Bay, Wisconsin

S&P Affirms A+ Bond Rating for Bellin Health

Growth, proactive leadership cited in evaluation

Standard & Poor’s Rating Service has affirmed Bellin Health’s A+ bond rating, issuing a rating outlook of stable and assessing the health system’s enterprise profile as strong.

In its ratings report on Bellin Health, S&P noted:
• The health system’s expanding geographic footprint and medical staff
• Continued healthy operations and cash flow
• A well-tenured and proactive leadership team that has strategically driven Bellin’s successful financial performance

In 2015, S&P raised its rating for Bellin to A+ from A, grading the organization’s long-term future as stable. It was the third consecutive upgrade since the health system’s initial BBB+ rating in June 2004.

George Kerwin, Bellin Health president and CEO, said the affirmation reflects Bellin’s commitment to the organization’s core principles.

“We remain committed to providing customers a superior experience while helping them manage healthcare costs,” Kerwin said. “This focus on cost, quality and the patient experience guides everything we do — and is underscored and affirmed by the ongoing strength of our bond rating.”