S&P rates Aurura Diagnostics B

Standard & Poor's said that it assigned a B corporate credit rating to Aurora Diagnostics Holdings LLC.

The outlook is stable.

The ratings on Aurora Diagnostics reflect its weak business risk profile, which is characterized by an aggressive growth strategy, narrow operating focus, vulnerability to customer in-sourcing, the potential for reimbursement pressure and weakened profitability, the agency added.

Aurora's weak business risk profile reflects this young company's small scale relative to formidable competitors Quest Diagnostics Inc. and Laboratory Corp. of America Holdings, which offer a broader, more diverse range of diagnostics services, S&P said.

The adjusted debt to EBITDA ratio was 6.8 times as of March 31.

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