The bond ratings actions reflect Holy Cross Health Systems Corp.'s excellent management, improved market and financial risk dispersion, very strong utilization and financial performance, low debt, and a substantial increase in liquidity. The system's obligated group, currently comprised of nine obligated hospitals operating 2,766 beds, will change slightly to include recently acquired 180-bed St. Ann's Hospital, Columbus, Ohio, and the transfer of 209-bed Holy Cross Medical Center-Mission Hills, Calif. to the Sisters of Providence Health System, dropping the operating bed count to 2,737 beds. The system's health facilities, located in five states, exhibit excellent market and financial risk dispersion, evidenced by the top four markets in order of relative contribution to total system net income for the fiscal year ending
