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S&P, Moody's Give Atlantic Health System Highest Health System Rating in NJ

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MORRISTOWN, NJ - Atlantic Health System, a leading health care delivery system in New Jersey, is once again the highest-rated New Jersey based system rated by credit agencies Moody’s and S&P.

Moody’s raised its rating for the health care organization from A1 to Aa3, the highest rating among all health care systems in New Jersey, with an outlook of “stable.” The rating upgrade reflects Atlantic Health System’s continued stability of operating performance and financial growth of the balance sheet, as well as its favorable market position and the “wide array” of services it provides.

S&P affirmed its “AA-“ rating for Atlantic Health System due to its strong presence in the region and increased system diversity among its six hospitals and a network of community-based physicians throughout northern and central New Jersey. Along with only one other organization, this is the highest rating given to health systems in NJ by S&P. Atlantic Health System’s outlook with S&P remained stable.

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The ratings actions by both agencies put the system in a favorable position to leverage its credit strength and allows the system to issue or refinance its debt at more favorable interest rates. Atlantic Health System may pay less on interest on its bonds and allow the organization to invest more of its money in patient care initiatives, including technology, skilled staff and infrastructure.

“These ratings further demonstrate the value of developing our connections to the communities we serve through wise growth, investment in innovation and continuously improving care, said Kevin Lenahan, senior vice president and Chief Financial and Administrative Officer for Atlantic Health System. “The rating upgrade puts us on even better footing to fulfill the health care needs of our communities.”

Moody’s also highlighted Atlantic Health System’s ability to reach agreements in many of its host communities on fair-share community contributions in response to municipalities’ review of the tax-exempt status of hospitals and other facilities.

“A key credit strength of the system speaks to management's ability to navigate recent state and local budget challenges quickly and proactively,” Moody’s said in its rating.

S&P highlighted “AHS’ focus is on continued development of population health infrastructure and strategies to drive growth to the organization.” This includes increased integration between owned and independent hospitals, Atlantic Medical Group, community based physicians, and payers.

The credit agencies noted the following among the reasons for Atlantic Health System’s enviable ratings and outlook:

  • Atlantic Health System is a large multi-site organization with more than $2.5 billion in revenue and 100,000 total admissions (including observation stays and admissions)
  • The strong presence of the system in the region, including the growth of the system. The agencies noted the acquisition of Hackettstown Medical Center in April 2016, as well as Atlantic Health System’s participation in the Mid Jersey Health Alliance with Hunterdon Healthcare System, which coordinates care and offers expanded clinical services in Hunterdon, Somerset, Mercer, and Warren counties
  • The rapid growth and increased integration of Atlantic Medical Group, which now includes more than 900 community-based physicians and other providers
  • Continued growth in operating margins, cash measures and debt leverage measures

S&P noted Atlantic Health System’s significant additions of several key leadership roles covering patient experience, integrated care delivery, and innovations and technology following the addition of President and CEO Brian Gragnolati in 2015. The agency also highlighted Gragnolati recently being named chair-elect designate of the American Hospital Association. He will assume the board chairmanship in 2019.

Among other successes reported to the credit agencies has been the performance of the two accountable care organizations (ACOs) affiliated with Atlantic Health System – Atlantic ACO and Optimus Healthcare Partners. Both ACOs produced shared savings for Medicare.

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Montville

Upcoming Events

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Tue, April 24, 7:30 PM

Montville Township High School, Montville

Board of Ed @HIGH SCHOOL

Education

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Tue, April 24, 8:00 PM

Montville Township Municipal Building, Montville

Montville Township Committee Meeting

Government

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Wed, April 25, 4:00 PM

900 Degrees Pizza , Towaco

Key Club Fundraiser at 900° Pizza

Education Food & Drink Giving Back

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Wed, April 25, 7:00 PM

Montville Township Public Library, Montville

"The U.S. Constitution" (Library Seminar)

Education Government

Calling For The Resignation of Councilwoman June Witty

April 12, 2018

Dear Editor,

This week, Montville Township Republican Committeewoman, June Witty, posted a chart depicting a swastika that compared Democrats to Nazis on her personal Facebook page. This post by Committeewoman Witty was not only insensitive to township residents registered as Democrats but, more importantly, this post is rooted in hate and vitriol toward the Jewish Community. Anti-Semitism is ...

Arbor Day to be Celebrated on April 27

April 24, 2018

MONTVILLE, NJ – The Montville Township Environmental Commission invites residents to the 20th annual Arbor Day and Poster Contest Winner celebration event, to be held Friday, April 27 at 9 a.m. at the amphitheater.

This year the commission will be honoring Montville Township High School teacher and MTHS Earth Club advisor Paul Rolfe.

Fourth graders from across the township who have ...

Short Evacuation Occurs at MTHS

April 17, 2018

MONTVILLE, NJ – A short evacuation occurred at Montville Township High School on April 17.

After the regular 2:10 p.m. dismissal, a fire alarm sounded but an announcement was made naming it a false alarm, according to a student who was in the building for an extracurricular activity.

The alarm again went off at 2:18 p.m. and the student said an announcement was made that the building ...

Police Officer Offers Cyber Safety Tips

April 21, 2018

POMPTON PLAINS, NJ – Sergeant Tom Rich of the Summit Police Department spoke before a room packed with parents wanting to hear about technology’s effect on their children and his seminar entitled “Media & Cyber Safety: Protecting Children and Teens” on April 12.

The 20-year police veteran discussed his passion for working with and helping children. He said that in a ...

Gov. Murphy Announces Proposed NJTransit Funding Increase

April 23, 2018

Newark, NJ – Gov. Phil Murphy on Monday spread a message of hope regarding future improvements to NJTransit services and infrastructure due to a proposed $242 million increase in funding for NJTransit for the 2019 fiscal year. 

At a press conference held at NJTransit’s Central Maintenance Facility on Doremus Avenue in Newark, Murphy, Newark Mayor Ras J. Baraka, and other ...

Arbor Day to be Celebrated on April 27

April 24, 2018

MONTVILLE, NJ – The Montville Township Environmental Commission invites residents to the 20th annual Arbor Day and Poster Contest Winner celebration event, to be held Friday, April 27 at 9 a.m. at the amphitheater.

This year the commission will be honoring Montville Township High School teacher and MTHS Earth Club advisor Paul Rolfe.

Fourth graders from across the township who have ...

Columns

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 Open Houses for this weekend:

Saturday, April 21 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 22 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
172 Pine Brook Road, Montville
10 ...

Century 21 Open Houses this Weekend

MONTVILLE, NJ - Following are Century 21 open houses for this weekend:

Saturday, April 14 from 1 - 4 p.m.

1.  Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 15 from 1 - 4 p.m.

1.  42 Horseneck Road, Montville

2.  Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two ...

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 The Crossing open houses this weekend:

Saturday, April 7 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)

Sunday, April 8 from 1 - 4 p.m.

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
42 Horseneck Road, ...

Century 21 Open Houses This Weekend

MONTVILLE, NJ - Following are Century 21 The Crossing open houses this weekend:

Saturday, March 31 from 1 - 4 p.m.  

Brownstones at Fairfield, Stonybrook Circle (Using GPS - Enter 66 Two Bridges Road)
1 Kirsten Court, Towaco
42 Horseneck Road, Montville

Saturday, March 31 from 1 - 3 p.m.

12 Pond View, Montville

'The Sting' shimmers and shakes at Paper Mill

‘The Sting ‘slithers and shakes at Paper Mill Playhouse

By LIZ KEILL

MILLBURN, NJ – In a premiere production of “The Sting,” Harry Connick Jr. commands the Paper Mill Playhouse stage in Millburn.

Based on the sensational Paul Newman/Robert Redford film in 1973, the 1930s plot centers on a con game and gambling, sometimes on a train between New York and ...

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