Bexar County Hospital District Maintains Highest Rating From Fitch
Fitch Ratings has affirmed a AAA Rating for the Bexar County Hospital District, d/b/a University Health. This action comes after a thorough evaluation of the health system’s operations, financial position and local market conditions. The attached press release highlights University Health’s “solid operating margins” and track record of making “prompt budget adjustments” when necessary to meet changes in revenue streams. It also offers a good overview of the health system’s need for expansion, given the essential services it provides to Bexar County and the South Texas Trauma Region. University Health is currently constructing a 10-story trauma tower at University Hospital in the South Texas Medical Center and a six-story Clinical Pavilion on its historic Robert B. Green Campus in Downtown San Antonio. The $899.4 million Capital Improvement Program is the largest expansion project in the hospital district’s history. The clinical building downtown is scheduled to open in early 2013 and the new hospital tower will open in early 2014.
More information is available online.
Contact: Leni Kirkman at 210-358-2335 or leni.kirkman@uhtx.com
