S&P Recognizes Southern New Hampshire Health’s Strong Financial Position With A- Rating

NASHUA, NH — S&P Global Ratings announced Friday it affirmed an “A-” rating for Southern New Hampshire Health, continuing the system’s highest-ever rating.

The S&P report reflects the system’s growing patient volumes, stable operating performance, and solid financial profile. S&P noted Southern New Hampshire Health’s stable outlook, recognizing improvement in financial performance.

“We’re excited that S&P has affirmed our A- rating,” Ken Matsis, the chief financial officer of Southern New Hampshire Health, said. “This rating is recognition of the hard work we have put in to improve operating performance and is an indication of our strong financial profile and opportunity for future success.”

Key Report Findings

• Financial Stability: Demonstrates a strong financial profile, with improvement in operating margins, a very healthy debt profile, growing reserves, and a healthy balance sheet, all showing improved earnings.

• Market Position: Growing patient volumes in a competitive marketplace, with further anticipated growth from specialty services and core service areas.
• Operating Performance: Ongoing investments in facility upgrades and technological advancements tied to the heart and vascular center.
• Strong Leadership: Continued focus by management on strategic growth initiatives and targeted improvements in efficiency, throughput, and resource allocation generates financial success.

“This rating acknowledges our strong performance over the past two years,” Colin T. McHugh, the president and chief executive ffficer of Southern New Hampshire Health,. “S&P's evaluation of our improved operating trend and strategic growth in core services and expanded access to care shows that our commitment to being the top local healthcare provider.”

As a non-profit, mission-driven healthcare system committed to improving health outcomes, Southern New Hampshire Health reinvests its profits back into healthcare services. Their focus is on delivering high-quality, accessible care to the patients and communities served by the system.

About Southern New Hampshire Health

Southern New Hampshire Health (SNHH) is comprised of Southern New Hampshire Medical Center (SNHMC) and Foundation Medical Partners, and is Massachusetts General Hospital’s first clinical affiliate in the region. SNHMC is an 188-bed facility that has two campuses in Nashua. Southern New Hampshire Medical Center has been recognized by the American Nurses Credentialing Center as a Magnet hospital and is in the Top 1 percent of hospitals in the country to achieve four designations, illustrating its dedication to excellence in nursing. Foundation Medical Partners is a multi-specialty physician group with more than 300 primary care and specialty care providers. SNHH is committed to improving, maintaining, and preserving the overall health and well-being of individuals living in the greater Nashua area by providing information, education, and access to exceptional health care services.

Submitted by Southern New Hampshire Health