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CareMore Holdings Inc. Apr 10
Standard & Poors, April 2010
Abstract
Established niche market position in Medicare Advantage. Good operating performance based on return on revenue. Very good and growing operating cash flow capacity. Narrow market-segment focus in government-sponsored Medicare health care programs. Risk of exposure to unfavorable regulatory/legislative intervention. Limited geographic concentration. Marginal but improving balance sheet quality. The counterparty credit rating on CareMore Holdings Inc. (CHI) reflects its narrow market-segment focus in government-sponsored programs in the managed Medicare business segment, the risk of unfavorable regulatory/legislative intervention, limited geographic concentration, and marginal but improving balance sheet quality. The relative strengths to the rating include its established niche market position, good operating performance, and its subsidiaries' very good operating cash flow capacity. CHI's subsidiaries collectively referred to as CareMore. CareMore's very...
Companies mentioned in this report are: CareMore Holdings Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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