S&P Global Ratings has affirmed Grand View Health’s A- issuer credit rating and Stable Outlook. GVH has maintained this rating for a number of years.
According to the report, “The affirmation reflects our view of GVH’s balance sheet, which remains a credit strength experiencing incremental unrestricted reserve growth over the past few years, providing GVH with good financial flexibility and continues to support the rating at this time.”
Also supporting the rating is “GVH’s adequate enterprise profile reflective of its small but healthy service area population, leading market share in a competitive market, and a strong management team focused on growth strategies to limit outmigration and improve volumes.”
GVH opened three urgent care facilities in the last two years; Kulpsville (October 2016), Chalfont (October 2017) and Quakertown (January 2018). A clinically-integrated physician network, Grand View Health Partners (GVHP), was established in July 2016 and has been central to delivering value-based care. In April 2018 GVH became a member of the Penn Cancer Network, part of Penn Medicine, providing greater expertise and access to subspecialty care for patients in the local community.