CLOSER AFFILIATION WITH UW HEALTH: SAHS has had a clinical relationship with UW Health (UW).
LEADING MARKET POSITION: SAHS controls about 40% of the market share in its very competitive primary service area.
However, SAHS is working to better classify charity care verses bad debt and is also better controlling expenses and expects improved operations in fiscal 2011.
Although SAHS has a leading market share that has incrementally grown over the last few years, the market is divided among three competitors (SAHS, Rockford Memorial Hospital and Saint Anthony's Medical Center; part of the OSF Healthcare System, rated 'A'; Stable Outlook by Fitch).
In addition to long term debt, SAHS has $25 million outstanding on a line of credit.
Although SAHS has a leading inpatient market share, the market is divided among three primary competitors (SAHS, RMH and Saint Anthony Hospital [Saint Anthony; part of OSF Healthcare System; hospital revenue bonds rated 'A' by Fitch]).
Fitch will reevaluate SAHS and its strategic plan with respect to the proposed project at the time of issuance, to determine if the increase in debt will impact the current rating.
approximately 70 miles west of Chicago), SAHS is a full service acute care provider with a 286-staffed bed hospital and other related entities.