S&P: ups MedCath outlook to positive

Standard & Poor's said it revised its rating outlook on MedCath Holdings Corp. to positive from stable.

The agency said it also affirmed the ratings on the company, including the B+ corporate credit rating.

The outlook revision reflects MedCath's ongoing debt repayments and operating improvements aided by a solid increase in adjusted admissions, revenues per admission and better cost control, S&P noted.

The low-speculative-grade rating on MedCath reflects the reimbursement risk associated with a narrow focus in a highly competitive business, the geographic concentration of a small portfolio of 11 hospitals and regulatory issues that could change the company's prospects, the agency added.

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