Texas Health Resources Bond Outlook Changed to 'Positive' by Standard & Poor's Ratings Services|
ARLINGTON, Texas — Texas Health Resources, the largest health care system in North Texas, announced today that the outlook for the company’s bonds has been revised from stable to positive by Standard & Poor’s Ratings Services. The long-term rating of "AA-" remained unchanged.
The Standard & Poor’s report cited the company’s “capable management team that is rapidly evolving the organization’s structure and operations to successfully compete in an ever-changing environment that will demand more at-risk population management.” The report also said, “The ‘AA-’ rating reflects the view of Texas Health’s leading market share position in the growing Dallas-Fort Worth marketplace…”
“We are pleased that one of the nation’s top bond rating agencies recognizes the strength of Texas Health Resources’ leading position in the market and our ability to manage financial performance in a challenging environment,” said Doug Hawthorne, CEO of Texas Health Resources. “Our strong financial foundation helped us weather the economic downturn and continue expanding access to quality health care for North Texans.”
Texas Health recently disclosed that for the fiscal year ending Dec. 31, 2012, the system recorded $3.7 billion in total operating revenue and $5.3 billion in total assets.
About Texas Health Resources
For more information about Texas Health Resources, call 1-877-THR-WELL, or visit TexasHealth.org.