The Osborn’s ’A’ Credit Rating Affirmed by Fitch

Fitch Ratings has affirmed Miriam Osborn Memorial Home Association’s (The Osborn) Issuer Default Rating (IDR) at ’A.’ Fitch has also affirmed at ’A’ the rating on revenue bonds issued by Westchester County Local Development Corporation on behalf of The Osborn. The Rating Outlook is Stable.

“The Osborn is very proud of maintaining an ‘A’ credit rating, which reflects our ability to implement a business plan that addresses the needs of our community today while preparing for a stable, successful future,” said Matthew Anderson, President and CEO of The Osborn. “It is wonderfully reassuring for residents and families to know that they have made a choice in senior living that is fiscally sound as well as enjoyable and fulfilling.”

Fitch is a leading provider of credit ratings, commentary, and research with clients throughout the world. Its rating commentary notes The Osborn’s “robust balance sheet” and says that “[d]ue to healthy demand by new residents, entrance fee refunds historically have not depleted [the] liquidity cushion, and Fitch does not expect them to do so during the two-year Outlook period.”

The Fitch commentary observed that The Osborn’s “distinctive service offerings include outdoor dining options, lifelong learning and lecture series, and proximity to diverse public transportation options to New York City. These differentiating factors have helped [T]he Osborn to maintain strong demand, offsetting competition from other LPCs in the Hudson Valley region. . . . The Osborn also benefits from strong brand name recognition in the Westchester County area given its 100+ year operating history as a [senior living] community and its distinctive campus-like appearance . . . .”

The Osborn has received many accolades, including being chosen by readers of Westchester Magazine as “Best of Westchester” in the Senior Residence category in 2023 and 2024. The Osborn Pasciuti Pavilion skilled nursing center has been named as a “Best Nursing Home” for multiple years by U.S. News & World Report and was recognized as one of the nation’s “Best Continuing Care Retirement Communities” by Newsweek.

About The Osborn

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, and Skilled Nursing, as well as Inpatient and Outpatient Rehabilitation. In addition to residential and health care services on its 56-acre campus, the organization provides home care and companion services in Westchester and Fairfield Counties through Osborn Home Care. The Osborn is accredited by CARF International and has an ’A’ rating from Fitch. Individuals and families interested in learning more about The Osborn are invited to call 888-9-OSBORN or visit www.theosborn.org.