Standard and Poor’s Reaffirms Cape Cod Healthcare Bond Rating

HYANNIS – Standard and Poor’s ratings services has reaffirmed its long-term rating of “A” for Cape Cod Healthcare.

According to S&P, the rating outlook remains “stable”.

“We assessed Cape Cod Healthcare’s enterprise profile as strong,” said S&P in a report confirming its rating. “We expect Cape Cod Healthcare will well exceed its fiscal 2016 budget, driven by volume and development, with no new debt expected over the next two-to-three years.”

This marks the second consecutive year that Standard and Poor’s has given an “A” rating to CCHC.

“This latest ratings news is more confirmation that we are on the right track toward keeping this healthcare system strong and independent,” said CCHC President and CEO Michael Lauf.

By paying close attention to expense control and efficiencies, CCHC was able to reinvest into the health system in new facilities, programs and personnel.

This includes two new urgent care centers in Hyannis and Falmouth, and three new public pharmacies.

Standard and Poor’s is a nationally recognized statistical rating organization designated by the U.S. Securities and Exchange Commission.