PeaceHealth earns improved outlook from Fitch and S&P Global

VANCOUVER, Wash. – Fitch and S&P Global have both improved PeaceHealth’s outlook to stable from negative, reflecting confidence in our financial strength, strategic direction and long-term sustainability. Fitch also affirmed PeaceHealth’s A+ rating and S&P maintained our A- rating.

“We are pleased that both agencies recognize the progress PeaceHealth is making and our ongoing commitment to the communities we serve,” said PeaceHealth Executive Vice President and Chief Financial Officer Matt Swafford.

Both agencies highlighted PeaceHealth’s disciplined stewardship and operational progress during a challenging period for healthcare organizations nationwide.

“While these ratings reflect important progress for our organization, they are ultimately a testament to the dedication of our caregivers and the trust our patients and communities place in us,” shared Sarah Ness, PeaceHealth President and Chief Executive Officer. “They help strengthen our ability to invest in the people, programs and services that support healthier communities today and in the future.”

About PeaceHealth: PeaceHealth, based in Vancouver, Wash., is a non-profit Catholic health system offering care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, more than 3,000 providers, more than 160 clinics and 9 medical centers serving both urban and rural communities throughout the Northwest. In 1890, the Sisters of St. Joseph of Peace founded what has become PeaceHealth. The Sisters shared expertise and transferred wisdom from one medical center to another, always finding the best way to serve the unmet need for healthcare in their communities. Today, PeaceHealth is the legacy of the founding Sisters and continues with a spirit of respect, stewardship, collaboration and social justice in fulfilling its Mission. Visit us online at peacehealth.org.

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