As we work to ensure a healthier future for children, our fiscal strategy for Nemours aligns with our goals of improving health and quality outcomes for children and patient satisfaction through service excellence.
Thoughtful stewardship and planning has positioned us to meet the challenges of a changing health care landscape and fluctuating economy, as we continue to invest in initiatives that are critical to our ability to serve our patients and families.
Keeping our patients and families at the center of everything we do, Nemours has prepared to fund significant expansion over the next several years. Our two capital projects — the Nemours Children’s Hospital, Delaware Expansion in
Wilmington, DE, and the building of Nemours Children’s Hospital in Orlando, FL — support our mission of doing whatever it takes to provide the very best care and advocacy for children.
In issuing revenue bonds to complete these projects, the affirmation of AA+ ratings by Fitch Ratings, which provides financial and credit rating information on corporate and government debt issuers, highlights the prudent stewardship of Nemours' financial resources.
In its credit summary, Fitch Ratings noted:
“Nemours has historically generated a strongly positive operating margin, averaging 6.6% over the past five fiscal years (2005 - 2009). Unaudited fiscal 2010 results (fiscal years end December 31 for Nemours) and forward projections provided by Nemours indicate continued strong positive operations through fiscal 2012.”
Careful stewardship allows us to continuously provide excellent care for all children and has encouraged the growth of Nemours into one of the leading children’s health systems in the country, caring for more than a quarter of a million children a year.