Bulletin: Verisk Analytics Inc. Ratings Unaffected By Bloodhound Technologies Inc. Acquisition Apr 11
- ID: 1718279
- April 2011
- Standard & Poors
NEW YORK (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that its ratings on Jersey City, N.J.-based data and analytics provider Verisk Analytics Inc. are unaffected by its $82 million acquisition of Bloodhound Technologies Inc., a provider of claims editing services for health care payers. The acquisition was funded completely with cash on hand, and, in our view, the company's remaining cash balance is sufficient given the full availability under its $600 million revolver and good free cash flow. Furthermore, our ratings incorporate our expectation that Verisk's growth and diversification strategy will continue to entail acquisitions funded with a mix of cash and debt. Therefore, Standard & Poor's views the current cash funded acquisition as neutral...
Companies mentioned in this report are:
- Verisk Analytics Inc.
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