Health & Wellness

Press Releases

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

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.

Sign Up for E-News

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.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Sparta

Sparta Police Make Drug Arrest in Front of Police Station

November 23, 2017

SPARTA, NJ – A Boonton Man is facing drug charges after being reported to police by other drivers.  On November 20 around 7:25 p.m. Sparta Cpl. Marc Rubino went to Glen Road and Main Street on the report of an erratic driver, police report. 

Rubino stopped the beige Nissan Maxima driven by Joseph Colon, on Main Street across from Sparta Police Department headquarters.  ...

Sparta Police Collect Carloads of Food for Sussex County Pantry

SPARTA, NJ – Thanking the communities for their generosity, Sparta Police Department together with Byram and Andover Police Departments collected 35,328 pounds of food and $6,900 in cash for the Sussex County Food Bank.

On Saturday, November 19 the police made collections at Karl’s Auto Body. On Sunday, November 20 the police, Mohawk House’s Steve Scro and collected food ...

Sparta Police: Michigan Man Arrested for Marijuana

SPARTA, NJ – A man from Michigan is facing drug charges, having been stopped by Sparta Police Cpl. Joseph Antonello because the driver’s view was obstructed.  On November 11 around 1 p.m. Antonello stopped Gabriel Larosa of Ypsilanti, Michigan driving a white Jeep, according to police.

When the officer spoke with Larosa, Antonello smelled marijuana.  Antonello asked ...

Obituaries

- Jun 2, 2017
Jillian Mari Baluyot, 17, of Nutley, passed away on June 2, 2017. Born in Secaucus, she lived in ...
Read more
- Feb 21, 2017
Marisa Rincon (30) passed away in Randolph on February 21,2017. She was born is West Chester, PA ...
Read more

Thank you District 24 Voters

November 19, 2017

Dear Editor:

We would like to thank the voters of the 24th Legislative District for the trust they have placed in us through our election to the State Legislature.  It was a hard fought campaign and we thank all of those who participated in the electoral process.

With the campaigning over, we are getting right back to work to address such critical issues as the high cost of property ...

Upcoming Events

Fri, November 24, 12:00 PM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Education Health & Wellness

Fri, November 24, 12:00 PM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Health & Wellness

Sat, November 25, 10:00 AM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Education Health & Wellness

Sun, November 26, 1:00 PM

Van Kirk Homestead Museum, Sparta

Princess White Deer: A Woman, a Mohawk, and a ...

Education

Fri, December 8, 5:00 PM

Sparta High School, Sparta

Holiday Music Spectacular

Arts & Entertainment

AtlantiCast: Episode 007

On this week’s AtlantiCast, you’ll see how Atlantic Health System is driving innovation and finding new ways to solve tomorrow’s health care challenges, find out how a near tragedy on the tennis courts was averted thanks to some world-class training and technology at Chilton Medical Center and meet the 70 cancer doctors you need to know about – plus much ...

Undefeated Newton Football Team Heads to NJSIAA Finals

November 19, 2017

WESTWOOD, NJ – The Newton High School football team is headed to the NJSIAA North 1, Group 2 finals after defeating Westwood on Friday night 21-6. The undefeated Braves went into the semifinal round against top ranked Cardinals with a fourth seed. 

The Braves returned to the field where they suffered a 63-12 loss to Westwood in the North 1, Group 2 semis in 2013, but this is a far ...

Montclair Attorney Pleads Guilty in Fraud Ring that Bilked Nearly $4 Million from Insurance Carriers

November 18, 2017

TRENTON – Mark Gertner, of Montclair, has pleaded guilty to third-degree criminal running and is awaiting sentencing in a medical fraud ring that bilked nearly $4 million from insurance carriers, Attorney General Christopher S. Porrino and the Office of the Insurance Fraud Prosecutor announced Wednesday. He was named along with five other defendants.

A former North Jersey ...

6 Top Turkey Trots in Morris and Sussex Counties

Before you tear into that turkey on Thanksgiving Day, get out of the house and head to one of these top Turkey Trots in Morris and Sussex Counties.  Team Nest Builder promises you won’t feel quite so bad about that second helping of pumpkin pie after running a 5K--gobble, gobble!

Krogh’s Annual Turkey Trot 5K and 1 Mile Fun Run Benefiting Sparta Public Schools

23 White Deer ...

Do you have high blood pressure under the new guidelines?

New guidelines from the American Heart Association and the American College of Cardiology announced last week revised the reading at which high blood pressure is diagnosed from 140/90 to 130/80.  This change increased the number of Americans with high blood pressure from about a third to almost half of all adults. Previous guidelines had a systolic reading of 130-139 as pre-hypertension or ...

Family Health

Be Aware of Pancreatic Cancer’s Warning Signs

November is Pancreatic Cancer Awareness Month, and nationally renowned gastrointestinal (GI) cancer physician-scientist Angela Alistar, MD thinks it is critical that everyone learn how to recognize the warning signs of this aggressive cancer. Dr. Alistar is medical director of GI medical oncology at the Carol G. Simon Cancer Center of Morristown Medical Center, Atlantic Health ...

Local Preschool Welcomes Celebrity Reader Susie Jenkins

November 23, 2017

Susie Jenkins, longtime Project Self-Sufficiency supporter and daughter of one of the agency’s founding Board members, recently visited the Little Sprouts Early Learning Center to read several books to the children as part of the center’s Celebrity Reader program. “Reading to the children at Little Sprouts brought me such joy,” remarked Jenkins.  “I love ...