S&P ups Matria outlook to stable

Standard & Poor's said it revised its rating outlook on Matria Healthcare Inc. to stable from negative.

Ratings on the company, including the B+ corporate credit rating, were affirmed, the agency said, noting that the outlook change reflects the sale of Matria's noncore assets, its successful integration of CorSolutions Medical Inc. and recent contract wins.

S&P added that the rating on Matria reflects the company's single business focus, relatively low barriers to entry, the threats of increased competition from stand-alone disease management companies and health insurance providers and the company's large debt burden.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.