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S&P: Hospital Acquisition view to positive
Standard & Poor’s said it revised the outlook to positive from stable on Hospital Acquisition LLC, which does business as LCI Holding Co. LLC.
The agency also said it affirmed the company’s B- corporate credit rating.
The outlook revision is based on the company’s improved financial results and cash flow since its emergence from bankruptcy, S&P said.
The revised expectations now incorporate a belief that free cash flow could increase to $10 million, the agency said.
S&P said it also expects margins could increase at least 100 basis points, improving debt-to-EBITDA to the low-5x range from the current level near 6x.
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