Skip to Main Content Skip to Main Content
800 Meadows Road, Boca Raton, FL 33486 | 561.955.7100
Boca Raton Regional Hospital
  • Find a Doctor
    • Services
      • Patients & Visitors
        • About
          • Volunteer
            • Contact
              • Call Today Call Today
              • Email Us
              • Search
              • Our Map
              • Menu
                Home
                covid-19 BRRH BHSF
                Find a Doctor
                Services
                Donate
                Patients & Visitors
                Urgent Care
                Community
                About
                Volunteer
                Contact
                For Employees
                Healthcare Professionals
                Careers
                Continuing Education
                Secure Portal
                Locations
                cyber knife
                Video Center
                Newsroom
                Privacy Policy
                Site Map
              Search
              Search
              • Accepted Insurance
              • Advance Directives
              • Affiliated Practices and Practitioners
              • Financial Assistance
              • BRRH Collection Policy
              • Food & Nutrition
              • Gift Shop
              • Healthcare Equality
              • International Patient Services
              • Maps & Directions
              • Medical Records
              • New Medicare Card FAQ
              • Nondiscrimination Rights Notice for Patients
              • Notice of Privacy Practices
              • Online Bill Pay
              • Online Imaging Pre-registration
              • Online Maternity Pre-registration
              • Online Scheduling Request
              • Patient Belongings and Valuables
              • Patient's Rights
              • Patient Connect
              • Patient Handbook
              • Phone Directory
              • Public Notice
              • Rockwell Suites
              • Shabbat Room
              • Transparency in Healthcare
              • Urgent Care
              • Visiting Hours
              • Awards & Recognitions
              • Board of Directors
              • Community Health Needs Assessment
              • Executive Leadership
              • Making Rounds Magazine
              • Media Inquiries
              • Newsroom
              • Privacy Practices
              • Public Reporting
              • Volunteering
              Home / Newsroom / 2014 / February / Fitch Ratings Affirms Boca Raton Regional Hospital Investment Grade Credit Rating and Revises Outlook to "Positive"

              Fitch Ratings Affirms Boca Raton Regional Hospital Investment Grade Credit Rating and Revises Outlook to "Positive"

              February 18, 2014

              Officials at Boca Raton Regional Hospital today announced that Fitch Ratings has affirmed the Hospital’s Investment Grade credit rating of BBB-, while concurrently upgrading the organization’s rating outlook from Stable to Positive.

              “We are extremely gratified to see our efforts recognized in such a meaningful way,” said Jerry Fedele, President and CEO at Boca Regional. “Fitch’s latest rating and improved outlook is reflective of the substantive progress we have made in a host of operational areas over the course of the last 18 months.”

              In Fitch’s analysis, which was released on February 14, the rating agency cited a number of key factors that drove their conclusions. Included were:

              • An improving financial profile that showed the Hospital posting a positive operating margin for Fiscal Year 2013 and an increase in net patient service revenue of 8.3 percent.
              • Strong physician recruitment that has resulted in a net gain of 27 physicians since 2012 in key service lines. In turn, this deeper physician base has played an important role in the Hospital seeing its inpatient volume increase by 5.3 percent in the first quarter of Fiscal Year 2014.
              • Exceedingly strong philanthropic support that resulted in gifts averaging $28 million a year over the past three years.

              The Fitch report also highlighted a number of other positive balance sheet indices, as well as the Hospital’s strategic affiliations with the North Shore-LIJ Health System and Moffitt Cancer Center as significant factors in their determination.

              Additionally, Fitch commented that should Boca Raton Regional Hospital end Fiscal Year 2014 with a positive operating margin, an upgrade in its credit rating would be likely.

              “This achievement is a direct result of the determination and focus our physicians, nurses, support staff and volunteers applied when we established a challenging set of goals for them in Fiscal 2013,” said Fedele. “It’s important to emphasize, however, that while we have realized success financially, we have also provided a level of care that continues to garner national accolades for its quality. I’m extremely proud of our people in their ability to maintain that critically important balance.”

              Additional information is available at:www.fitchratings.com

              About Boca Raton Regional Hospital – Advancing the boundaries of medicine.
              Boca Raton Regional Hospital is an advanced, tertiary medical center (brrh.com) with 400 beds and more than 800 primary and specialty physicians on staff. The Hospital is a recognized leader in oncology, cardiovascular disease and surgery, minimally invasive surgery, orthopedics, women’s health, emergency medicine and the neurosciences, all of which offer state-of-the-art diagnostic and imaging capabilities. The Hospital is a designated Comprehensive Stroke Center by the Florida Agency for Health Care Administration (AHCA).

              Boca Raton Regional Hospital is the recipient of the 2014 Distinguished Hospital Award for Clinical ExcellenceTM for the tenth year in a row and was named one of America’s 50 Best Hospitals in 2011, 2012 and 2013, both by Healthgrades®. Boca Raton Regional Hospital was also recognized for the third consecutive year in U.S. News & World Report’s 2013-2014 Best Hospitals listing as a top-ranked hospital in the South Florida metropolitan area.


              MEDIA CONTACT:
              Thomas Chakurda, 561.955.3586
              Vice President, Marketing
              Boca Raton Regional Hospital
              tchakurda@brrh.com

              Categories

              • News
              Previous Next
              Subpage Banner Image

              Recent Posts

              • Bob Sheetz and Debbie Lindstrom Make Second Leadership Gift in Support of Boca Regional's Keeping the Promise Capital Campaign
              • The Sands Family Foundation and Constellation Brands Donate a Second $1 Million Gift In Support of Boca Regional's Keeping the Promise Capital Campaign
              • Jonathan and Laura Beinner Make $1 Million Gift to Boca Raton's Keeping the Promise Capital Campaign
              • Ken and Maggie Rosenberg Contribute $1 Million to Boca Raton Regional Hospital's Keeping the Promise Capital Campaign
              • Marla Schaefer and Steve Weishoff Make $1 Million Gift to Boca Raton Regional Hospital's Keeping the Promise Capital Campaign
              • Martin F. Greenberg Family Foundation Contributes $1 Million to Boca Raton's Keeping the Promise Capital Campaign
              • Dr. Robyn Moncrief and Alex Gellman Make $2 Million Gift to Boca Raton's Keeping the Promise Capital Campaign
              • Bernstein Family Foundation Makes $1 Million Gift to Boca Raton's Keeping the Promise Capital Campaign

              Categories

              • About (77)
              • Blog (82)
              • Cancer Institute (43)
              • Colo-Rectal Surgery (2)
              • Featured (31)
              • Heart Institute (11)
              • Neuroscience Institute (37)
              • News (114)
              • Orthopedic Institute (7)
              • Physical Rehabilitation Institute (5)
              • Press Release (57)
              • Women's Institute (19)

              Archives

              • 2022 (8)
              • October (1)
              • August (1)
              • May (2)
              • April (1)
              • March (1)
              • February (1)
              • January (1)
              • 2021 (31)
              • November (1)
              • October (1)
              • September (1)
              • August (4)
              • July (3)
              • June (5)
              • April (2)
              • March (6)
              • February (1)
              • January (7)
              • 2020 (19)
              • December (3)
              • November (3)
              • October (2)
              • September (1)
              • July (2)
              • June (2)
              • May (1)
              • March (1)
              • February (3)
              • January (1)
              • 2019 (21)
              • December (1)
              • November (1)
              • September (2)
              • July (2)
              • June (2)
              • May (3)
              • April (4)
              • March (1)
              • February (2)
              • January (3)
              • 2018 (36)
              • December (3)
              • November (2)
              • October (3)
              • September (1)
              • August (4)
              • July (3)
              • June (4)
              • May (5)
              • April (4)
              • March (1)
              • February (4)
              • January (2)
              • 2017 (24)
              • December (1)
              • October (1)
              • September (1)
              • August (6)
              • June (1)
              • May (7)
              • April (4)
              • March (1)
              • February (1)
              • January (1)
              • 2016 (18)
              • November (4)
              • September (1)
              • August (2)
              • July (2)
              • May (6)
              • February (2)
              • January (1)
              • 2015 (24)
              • December (3)
              • November (1)
              • September (1)
              • August (4)
              • July (4)
              • June (1)
              • May (3)
              • April (1)
              • March (1)
              • February (2)
              • January (3)
              • 2014 (31)
              • December (3)
              • November (3)
              • October (5)
              • September (2)
              • August (3)
              • July (2)
              • June (1)
              • May (3)
              • April (1)
              • March (1)
              • February (3)
              • January (4)
              • About
              • Find a Doctor
              • Volunteering
              • Online Bill Pay
              • Contact Us
              • For Healthcare Professionals
              • Patient Financial Assistance
              • Privacy Policy
              • Foundation
              • Media Contacts
              Boca Raton Regional Hospital
              Boca Raton Regional Hospital Boca Raton Regional Hospital
              Boca Raton Hospital
              800 Meadows Road Boca Raton, FL 33486 View Map [+]
              561.955.7100 http://brrhcom.scorpiontechnology.com/
              SITE MAP

              ABOUT

              • Awards & Recognitions
              • Board of Trustees
              • Community Health Needs Assessment
              • Executive Leadership
              • Making Rounds Magazine
              • Newsroom
              • Privacy Practices

              CERNER

              • Cerner Training

              COMMUNITY

              • Classes & Events
              • Giving Back
              • Foundation

              VOLUNTEERS

              • Alert Media Sign Up
              • Debbie-Rand Memorial Service League Newsletter
              • D-RMSL Thrift Shoppe
              • Teenage Volunteers
              • Training
              • Training Guide
              • Training Videos
              • Volunteer Portal

              OUR LOCATIONS


                PATIENTS & VISITORS

                • Information on UnitedHealthcare Contract
                • Accepted Insurance
                • Advance Directives
                • Financial Assistance
                • Food & Nutrition
                • Gift Shop
                • International Patient Services
                • Maps & Directions
                • Medical Records
                • Patient Bill of Rights
                • Patient Connect
                • Patient Handbook
                • Phone Directory
                • Rockwell Suites
                • Shabbat Room

              HIGHLIGHTED SERVICES

              • Cancer Institute
              • Heart Institute
              • Neuroscience Institute
              • Orthopedic Institute
              • Women's Institute
              • BocaCare Physician Network
              • Colo-Rectal Surgery
              • Diabetes Education
              • Emergency Medicine
              • Gastroenterology
              • Home Health
              • Imaging
              • Maternity Care
              • Nephrology
              • Nuclear Medicine
              • Outpatient Center
              • Nutrition Counseling
              • Pulmonary Medicine
              • Radiation Oncology
              • Rehabilitation Services
              • Research
              • Support Groups & Classes
              • Surgery
              • Urgent Care
              • Urology

              Careers at Boca Raton Regional Hospital


                FOR EMPLOYEES

                • Bargain Book
                • BR Downloads
                • Employee Email
                • HealthStream Learning Center
                • Standards of Excellence

              HEALTHCARE PROFESSIONALS

              • Credentialing Verification
              • Medical Library
              • Medical Staff Scholarship
              • Physician Liaison Program
              • Types of Activites
              Quick Links
              Powered by Scorpion Healthcare| Copyright © 2025