Sarasota hospital district earns ‘AA-’ ratings

The Sarasota County Public Hospital District, which includes Sarasota Memorial, earned “AA-” ratings on outstanding revenue bonds from Fitch in the credit agency’s most recent review.

The ratings reflect Sarasota Memorial’s “leading market position in a growing service area, robust historical operating cash flow levels and strong liquidity position,” according to a statement from Fitch.

Contributing to its strong position is the fact that Sarasota Memorial is the leading provider in the area, with a 71% combined market share in FY 2023 between Sarasota Memorial Hospital's main and Venice campuses, according to a statement.