A.M. Best has assigned a Financial Strength Rating (FSR) ofB+ (Good) and a Long-Term Issuer Credit Rating (Long-Term ICR) of"bbb-" to MemorialHermann Health Plan Inc., a subsidiary of (Memorial Hermann). The outlook assigned to these Credit Ratings (ratings) isstable.
Additionally, A.M. Best has affirmed the FSR of B+ (Good)and the Long-Term ICR of "bbb-" of Memorial Hermann Health Insurance Co. The outlook ofthese ratings is stable. Collectively, the group is herein referred to asMemorial Hermann Insurance Operations. All companies are domiciled in Houston,Texas.
The rating assignments and affirmations reflect MemorialHermann Insurance Operations' strategic role as the managed care subsidiary ofMemorial Hermann, a fully integrated health care delivery system. The ratingsalso consider Memorial Hermann's established network and overallcreditworthiness, which enhances each entity's assessment. Further, the parentorganization has demonstrated explicit financial support of the insuranceoperations through a quarterly capital contribution through third-quarter 2016.A.M. Best anticipates that Memorial Hermann will continue the capital infusionsto support Memorial Hermann Insurance Operations' strategic growth initiatives.