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Moody’s: HCA Healthcare unaffected
Moody's Investors Service said HCA Healthcare Inc.'s ratings and outlook are not immediately impacted by the announcement that it will acquire Mission Health System, NC (Aa3 stable) for $1.5 billion, and that the transaction is credit positive.
HCA Healthcare has a Ba1 corporate family rating and a stable outlook.
“Mission Health will give HCA a leading position in a fast growing market and modestly enhance geographic diversity,” the agency said in a news release.
Moody's said it does not expect the acquisition to materially change leverage, however, depending on how the Mission Health acquisition is funded, it could have implications for some debt instrument ratings.
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