|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Universal Health Services' Share Buyback Does Not Affect Ratings Jun 05
Standard & Poors, June 2005
Abstract
NEW YORK (Standard & Poor's) June 3, 2005--Standard & Poor's Ratings Services said today that its ratings and outlook on acute-care hospital operator Universal Health Services Inc. (BBB/Negative/--) is not affected by the announcement that the company's board of directors approved the buyback of up to 3.5 million shares under Universal's existing share repurchase program. The company has recently sold some assets, most notably its 81.5% interest in Medi-Partenaires for about $295 million. Therefore, it is expected that share repurchases will be conducted in a disciplined manner, funded with cash, so that the company's financial position will not be weakened. The outlook remains negative, however, because Universal experienced weak patient volume trends and some erosion in earnings over the past...
Companies mentioned in this report are: Universal Health Services Inc.
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
