Moody’s: HealthPort unchanged on acquisition news

Moody’s Investors Service said that the acquisition of IOD Inc. by CT Technologies Intermediate Holdings, Inc. (HealthPort) is a positive credit development.

Healthport will gain scale and enhance its leadership position in the niche market for medical information exchange services in the United States, Moody’s said.

But because the sources of financing, including the amount of new debt to be incurred or assumed after the acquisition, is unknown at this time, there are no changes to the ratings or ratings outlook for now, the agency said.

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