Nicklaus Children's Health System Achieves Upgraded and Reaffirmed Ratings from Both Fitch and Standard and Poor’s
Published on: 5/6/2024
Nicklaus Children's Health System this month received an upgraded AA- bond rating with a Stable outlook from Fitch Ratings and a reaffirmed A rating with an improved Positive outlook from Standard and Poor’s.
“The continued strength of our credit and outlook ratings is a testament to our organization’s dedication to advancing our pediatric care leadership in the region,” said Matthew A. Love, President and CEO. “It reflects the hard work of our entire health system family and our shared focus on optimizing patient care, the well-being of employees, operational fundamentals and strategic growth.”
The health system, which includes a nonprofit 307-bed freestanding children's hospital and an expansive network of pediatric outpatient centers extending throughout South Florida, was recognized by the rating agencies for its position as the premier pediatric hospital in South Florida. It was also recognized for its leading and growing market share, an expanding ambulatory footprint and growing hospital affiliations in the region.
About Nicklaus Children's Hospital, Where Your Child Matters Most ™ (2025)
For 75 years, Nicklaus Children's has stood as a beacon of hope for children and families across the state of Florida and beyond. Nicklaus Children's Hospital is South Florida's #1 nonprofit, freestanding specialty licensed hospital exclusively for children serving close to 70 percent of children in the Miami metropolitan community. In addition, Nicklaus Children's offers care within NCH North Hospital in Naples, Jupiter Medical Center's De George Pediatric Unit and select Baptist Health Hospital pediatric emergency units. The hospital and its network of more of nearly 35 outpatient care locations offer lifesaving care in in Miami-Dade, Broward, Martin, and Palm Beach counties. These outpatient locations include an array of urgent care, pediatric primary care, and subspecialty care centers and are either hospital-based or outpatient locations under Nicklaus Children's Pediatric Specialists, LLC (NCPS). Providing a pipeline of future physicians and groundbreaking research, Nicklaus Children's is an academic and clinical affiliate of Florida International University Herbert Wertheim College of Medicine. Nicklaus Children's is home to centers of excellence including the Helen & Jacob Shaham Cancer & Blood Disorders Institute, the Nicklaus Children's Orthopedic, Sports Medicine and Spine Institute, Nicklaus Children's Neuroscience Institute and Nicklaus Children's Heart Institute. The 325-bed hospital is renowned for excellence in all aspects of pediatric medicine, with many programs routinely ranked among the nation's best by U.S. News & World Report since 2008. Nicklaus Children's also includes a nonprofit physician practice subsidiary with over 40 specialties, and an ambulatory surgery center.
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