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Fitch Ratings affirmed the ‘A-’ rating on the outstanding revenue bonds of the Miriam Osborn Memorial Home Association (The Osborn). This rating indicates a stable financial outlook for the organization, a non-profit continuum of care retirement community based in Rye, New York. Fitch Ratings is a leading provider of credit ratings, commentary and research.
According to Fitch’s July 24 press release, The Osborn’s 100+ year history has generated a strong market position and favorable reputation. The release noted that The Osborn has diversified beyond its unit-based sources of revenue, with its successful expansion into home health care with Osborn Home Care, as well as other service expansions into memory care and outpatient rehabilitation that are generating momentum in the marketplace.
In 2016, The Osborn established The Osborn Foundation, a 501(c)(3) entity intended to support the organization's philanthropic goals on campus and in the surrounding communities.
The Osborn is a private, non-profit, continuum of care community, founded in 1908 and based in Rye, New York. It offers Independent Living, Assisted Living, Memory Care, a Five-Star Skilled Nursing Facility, as well as In- and Outpatient Rehabilitation care. In addition to residential and healthcare services on its 56-acre campus, the organization provides home care in Westchester and Fairfield Counties through Osborn Home Care. The Osborn is accredited by CARF and has an A- rating from Fitch. Individuals and families interested in learning more about The Osborn are invited to call 914-925-8000 or visit www.theosborn.org.