Summary: Lee Memorial Health System, Florida; System

S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A' long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for Lee Memorial Health System (LMHS). The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook revision to positive from stable reflects LMHS's continued strong enterprise profile, anchored by its dominant market position in Lee County, which is experiencing good population growth and favorable economic trends, coupled with a strong and improving financial profile. LMHS has sustained stronger operational performance the past two fiscal years, and has continued the trend through the six months ended

...S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A' long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for Lee Memorial Health System (LMHS). The $42 million 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook revision to positive from stable reflects LMHS's continued strong enterprise profile, anchored by its dominant market position in Lee County, which is experiencing good population growth and favorable economic trends, coupled with a strong and improving financial profile. LMHS has sustained stronger operational performance the past two fiscal years, and has continued the trend through the six months ended March 31, 2016, with expectations for strong fiscal 2016 year-end results. Improved population growth for Lee County is having a positive impact on overall economic trends and business volume statistics, driving...

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