HealthCom's PatientCompass is an integral addition to SLHS
e-Health initiatives, all designed to expand our services to our patients," says Diane Hart, Director of Patient Financial Services for Saint Luke's Health System.
CONTINUATION OF OPERATING AGREEMENT: WMH's investment grade rating assumes the extension of the operating agreement beyond the current expiration in 2023, and an ongoing relationship with SLHS.
The key rating factor in support of the 'BBB-' rating continues to be WMH's affiliation with SLHS, via an operating agreement which provides for significant benefits including strategic support, management expertise, contract leverage, and a guaranty of lease payments to the Trust equal to debt service requirements on the series 2009 bonds.
Although this guaranty is not secured under a master indenture note, it acts as a guarantee by SLHS of debt service payments through 2023 (the bonds mature in 2034).
Although this guaranty is not secured under a master indenture note, it essentially acts as a guarantee by SLHS of the debt service for the first 12 years of the bonds.
The Stable Outlook is supported by the benefit of WMH's continued affiliation with SLHS via the operating agreement, and the strength of SLHS's credit profile.
In addition, SLHS guarantees these lease payments by SLHT.
A primary credit strength continues to be WMH's long-term affiliation with Saint Luke's Health System (SLHS) in Kansas City, which is sealed by a long-term operating agreement between WMH and SLHT which includes a guaranty by SLHS of debt service payments through the life of the agreement.
has guaranteed SLHT's obligation to make these payments, which therefore acts as a guarantee by SLHS
of the debt service for the first 12 years of the bonds.