|
|
 |
|
Viewing report
|
|
|
|
CareMore Holdings Inc. Mar 07
Standard & Poors, March 2007
Abstract
Established market position. Good earnings profile. Very good cash flow capacity. Narrow product focus. Geographic and client concentration. Marginal balance sheet quality. The counterparty credit rating on CareMore Holdings Inc. (CHI) is based on the established market positions, good earnings profiles, and very good cash flows of its subsidiaries, CareMore Medical Enterprises and CareMore Health Plan Inc. (collectively, CareMore). Offsetting factors include the company's narrow product focus, geographic and client concentration, and marginal balance sheet quality. CHI is a downstream holding company formed by the CareMore Health Group Inc. to acquire CareMore. In 2006, CHI borrowed $125 million of intermediate-term bank debt to partially finance the transaction. The remainder was financed with equity contributed by the lead financial sponsor, JPMorgan...
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
|
|
|
|
