SSMHCSault Ste. Marie Housing Corporation (Canada)
SSMHCSouth Shore Mental Health Center
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Maintenance of solid operating cash flow and balance sheet metrics as SSMHC funds its capital needs, which totals $879 million for fiscal 2011-2013;
In fiscal 2010, SSMHC had another year of solid profitability with a $105.
The surveyors met with more than 800 employees and physicians and visited more than 17 facilities in the four states in which SSMHC operates.
For more information on the SSMHC see Fitch's Research Report dated April 19, 2010 at 'www.
Operating 16 acute care facilities, SSMHC has maintained liquidity levels and a relatively low debt position, while making substantial capital investments.
SSMHC plans to spend approximately $760 million over the next three years on various renovation and expansion projects.
Excluding unrealized net investment gains, operating profitability improved in 2007, with SSMHC posting $56 million operating income on net revenues of $2.
The Stable Rating Outlook reflects Fitch's expectation that SSMHC will continue to achieve profitable operating margins consistent with historical trends.
SSMHC is one of approximately 270 hospitals and healthcare systems around the country taking part in the CMS/Premier Hospital Quality Incentive Demonstration (HQID).
Fitch expects SSMHC to post stable to improving operating profitability over the near term, which should improve debt service coverage ratios.
At SSMHC, we have a strong focus on quality and effective delivery of healthcare," said Beverly Beine, director of Surgical Services for SSM Health Care's St.
SSMHC applied for the award in May with a 50-page application and found out in September that it would receive a site visit the week of October 28.