Improvement For Boca Raton Regional's Credit Rating

BOCA RATON, FL ( — It is a step in the right direction today for Boca Raton Regional Hospital's credit rating — reaffirmed at BBB- with an outlook upgrade by the Fitch Rating firm.

Direct from the Hospital:

Officials at Boca Raton Regional Hospital today announced that Fitch Ratings has affirmed the Hospital’s Investment Grade credit rating of

BBB-, while concurrently upgrading the organization’s rating outlook from Stable to Positive.

“We are extremely gratified to see our efforts recognized in such a meaningful way,” said Jerry Fedele, President and CEO at Boca Regional. “Fitch’s latest rating and improved outlook is reflective of the substantive progress we have made in a host of operational areas over the course of the last 18 months.”

In Fitch’s analysis, which was released on February 14, the rating agency cited a number of key factors that drove their conclusions. Included were:

• An improving financial profile that showed the Hospital posting a positive operating margin for Fiscal Year 2013 and an increase in net patient service revenue of 8.3 percent.

• Strong physician recruitment that has resulted in a net gain of 27 physicians since 2012 in key service lines. In turn, this deeper physician base has played an important role in the Hospital seeing its inpatient volume increase by 5.3 percent in the first quarter of Fiscal Year 2014.

• Exceedingly strong philanthropic support that resulted in gifts averaging $28 million a year over the past three years.

The Fitch report also highlighted a number of other positive balance sheet indices, as well as the Hospital’s strategic affiliations with the North Shore-LIJ Health System and Moffitt Cancer Center as significant factors in their determination.

Additionally, Fitch commented that should Boca Raton Regional Hospital end Fiscal Year 2014 with a positive operating margin, an upgrade in its credit rating would be likely.

“This achievement is a direct result of the determination and focus our physicians, nurses, support staff and volunteers applied when we established a challenging set of goals for them in Fiscal 2013,” said Fedele. “It’s important to emphasize, however, that while we have realized success financially, we have also provided a level of care that continues to garner national accolades for its quality. I’m extremely proud of our people in their ability to maintain that critically important balance.”







----------------------------------------LYFT PROMO CODE--------------------------------------
Use our Lyft promo code BNN123 for substantial discounts for your first Lyft rides. Enter the code in your app, or just click here.

---------------------------ABOUT BOCANEWSNOW.COM----------------------- is the leading hyper-local news website based in and serving Boca Raton, Florida and South Palm Beach County. Our pages have been visited millions of times since our first post on October 4th, 2011. We have a verified history of reporting news, providing opinion and snark. is NOT a mugshot website. We have never charged and DO NOT charge for mugshot removal. We are a news organization registered with the State of Florida and exempt from Senate Bill 118. We publish arrests of note provided to us by law enforcement under Chapter 119 of Florida Statutes. While we review all requests for removal, we are not obligated to remove reports that are a part of the public record.

When removal is appropriate, we do so at no charge. We do not accept payment for mugshot or arrest report deletion.

We are cognizant of the impact an arrest may have on one's life. If you are exonerated or if charges are dropped, please contact us to request an appropriate update to or removal of a specific story. We remind our readers that an arrest is an accusation. Guilt or innocence is determined in a court of law. Email us at news (at) or telephone 561-419-9520.

All Content Copyright © 2017 MetroDesk Media, LLC. All Rights Reserved.