Standard and Poor's Rates Nicklaus Children's Health System A+


6/29/2018

MIAMI – Nicklaus Children's Health System (NCHS) has once again received an A+  bond rating from Standard and Poor's credit rating agency. The health system, which includes a 289-bed freestanding children's hospital and a growing network of pediatric outpatient centers, was also recognized by the agency as having a stable fiscal outlook for the future.

“This affirmed positive rating signifies our continued commitment to the patients and families we serve. Our strong financial position in the marketplace enables us to further our mission to increase access to quality care for children in an efficient and effective way,” said Tim Birkenstock, Chief Financial Officer for Nicklaus Children's Health System.

Nicklaus Children's is financially evaluated on an annual basis and has been rated A+ consecutively for the last several years. This year, the health system opened two new urgent care facilities in the Hialeah and Homestead communities, bringing to 14 the total number of Nicklaus outpatient centers serving Miami-Dade, Broward and Palm Beach counties. These service expansions exemplify NCHS's commitment to meeting the care needs of children throughout the region. For more information about Nicklaus Children's Health System and its flagship, Nicklaus Children's Hospital, please visit www.nicklauschildrens.org.


About Nicklaus Children’s Health System

Nicklaus Children's Health System (NCHS) is the parent organization of Nicklaus Children's Hospital, South Florida's only licensed specialty hospital exclusively for children. The 309-bed nonprofit hospital, known as Miami Children's Hospital from 1983 through 2014, was founded in 1950 by Variety Clubs International and 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.The health system also includes Nicklaus Children's Hospital Foundation, the organization's 501c3 fundraising arm; a network of nonprofit outpatient centers situated in Miami-Dade, Broward and Palm Beach counties; Pediatric Specialists of America, a nonprofit physician practice subsidiary; a managed care plan, and an ambulatory surgery center, as well as an e-commerce line of children's wellness and safety products that support the hospital's mission of serving the region's pediatric population. NCHS is the region's only healthcare system exclusively for children.