BSHSIBon Secours Health System Inc (Suffern, NY)
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BSHSI will continue to draw on these learnings as it implements ConnectCare from a people, process and technology paradigm.
LARGE DIVERSIFIED SYSTEM: BSHSI is a large system with significant geographic dispersion and presence in several growth, though competitive markets, increasing clinical integration and a strong management team.
BSHSI has more than 22,000 employees and 10,000 physicians in New York, Maryland, Virginia, South Carolina, Kentucky and Florida, and was recently named a recipient of a 2012 Gallup Great Workplace Award which honors organizations for demonstrating 'the most productive and engaged workforces in the world.
Multiple BSHSI facilities achieving top performance in the QUEST([R]): High Performing Hospitals national quality and cost improvement collaborative.
Historically BSHSI has maintained a high reliance on variable rate debt (totaling 53% of all outstanding) and swaps, but this is mitigated by the planned 2010 debt restructuring which will reduce the percentage of variable rate debt to 39% and terminate four swaps.
BSHSI has committed $185 million to an electronic health record, of which $75 million has been spent to date.
O'Brien comes to BSHSI from Lenox Hill Hospital, a 650 bed, major teaching hospital, located on Manhattan's Upper East Side.
For more information on BSHSI, please see Fitch research dated Sept.
The transfer of Bon Secours properties from BSHSI to Beaumont takes effect immediately.
In addition to the sound management practices exhibited by the elimination of losing operations, BSHSI management has strengthened its internal financial controls and continues to provide comprehensive disclosure to the investment community.
Proceeds of the 2005 bonds will be used to current refund the outstanding portions of the Hanover County issuer's series 1995 BSHSI bonds ($41.
Over the past nine months, BSHSI completed the divestiture of three hospitals (two in Florida and one in Virginia) and four Florida non-acute care facilities.