Research Update: MultiPlan Inc. 'B+' Rating Placed On CreditWatch Negative Following Acquisition Announcement Aug 06

  • ID: 1869763
  • August 2006
  • Standard & Poors
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On Aug. 31, 2006, Standard & Poor's Ratings Services placed its 'B+' counterparty credit rating on MultiPlan Inc. on CreditWatch with negative implications. The rating action follows today's announcement that MultiPlan will acquire Private Healthcare Systems, which is the largest proprietary primary PPO network in the U.S. as well as the second-largest independent care management provider. The rating was placed on CreditWatch to reflect Standard & Poor's concern about MultiPlan's capacity to support the increased financial burden and its ability to manage effectively the integration risks associated with this material acquisition. Standard & Poor's will meet with MultiPlan and its financial representatives to discuss prospective capital structure and business plans. Following our review, the rating could be lowered by one...

Companies mentioned in this report are: MultiPlan Inc.
Action: On CreditWatch:Negative

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MultiPlan Inc.

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