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S&P rates Merge Health B, notes B+
Standard & Poor's said it assigned its B corporate credit rating to Merge Healthcare Inc.
The outlook is stable.
At the same time, the agency said it assigned Merge's proposed $200 million senior secured notes a B+ rating, with a recovery rating of 2.
The company will use the note proceeds to finance in part the acquisition of Amicas Inc. for about $248 million, the agency added.
"The rating reflects Merge's rapid growth through acquisitions, integration risks following the Amicas merger, and a highly leveraged financial profile," explained S&P credit analyst Jennifer Pepper.
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