S&P Global Ratings' long-term rating on Lee Memorial Health System Board of Directors, Fla.'s various series of bonds, issued for Lee Memorial Health System (LMHS), is 'A+'. The outlook is stable. Securing the bonds is a gross revenue pledge from the obligated group. The obligated group consists of LMHS, a Florida independent special district hospital; LMHS' subagencies and subsidiaries, and the not-for-profit Cape Memorial Hospital Inc. Total long-term debt as of Dec. 31, 2022, was approximately $951 million. The rating reflects LMHS' solid enterprise profile, anchored by its excellent market position in Lee County, which has experienced strong population growth and favorable economic trends. LMHS also maintains a sound financial profile, and while it recently experienced disruption in its normal
