Standard & Poor’s assigns Mercy “A-” level credit rating

Standard & Poor’s (S&P) Global Ratings has reaffirmed Mercy Medical Center’s “A-” credit rating. The credit analysis factors the financial performance of Mercycare Service Corporation and related organizations, such as Mercy Care Management, Inc.; physician practices; and the Mercy Medical Center Foundation.

The “A-” credit rating reflects Mercy’s financial performance for mid-fiscal year 2023.

Mercy Executive Vice President and Chief Financial Officer, Nathan Van Genderen, noted that Mercy successfully opened its HallMar Village project this fall. In addition, Mercy also opened its new heart center over the summer. Both projects are anticipated to continue to enhance Mercy’s overall credit profile and grow key patient service lines.

Additionally, Mercy has recently refreshed its strategic plan and has had success with physician recruiting, which helps support patient volume and contributes to its strength in the market.