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Moody's Rated: Investment-Grade Aa3 (Long-Term)
Franciscan Health is a 140-year-old network of 14 hospitals and medical practices throughout Indiana, Illinois, and Michigan that employs over 18,000 full and part-time employees. It originated in 1875 when Maria Theresia Bonzel sent a group of sisters to Indiana to care for poor and neglected children. The group built hospitals, schools, orphanages, and homes for the aged, beginning with St. Elizabeth Central (formerly St. Elizabeth Hospital) in Lafayette. This network was divided into eastern and western provinces in 1931, and in 1974 the eastern province was incorporated under the name "Sisters of St. Francis Health Services, Inc." In 2010, its name was changed to Franciscan Alliance. The network focuses on providing the highest possible level of care through a faith-based, integrated healthcare philosophy, utilizing cutting-edge technology and procedures, and bright, compassionate healthcare providers. Franciscan Health facilities have earned top national rankings and a long list of honors including the American Cancer Society’s Gold Level Five Star Award for Radiation Oncology, HealthGrades Cardiac Surgery Excellence Award, #1 ranking in Indiana for overall cardiac services, Five-Star Rating for overall orthopedic services, HealthGrades Outstanding Patient Experience Award™ (2009–2012), Outstanding Achievement Award from the American College of Surgeons Commission on Cancer, and HealthGrades Distinguished Hospital Award for Clinical Excellence (2012–2014). In 2016, Franciscan Alliance changed its name to Franciscan Health.