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Moody's eyes LifePoint Health for trim
Moody's Investors Service said it placed LifePoint Health, Inc.’s rating on review for downgrade following the company's Monday announcement it plans to acquire Kindred Healthcare LLC for an undisclosed sum .
The ratings placed under review include the B2 corporate family rating, the B2-PD probability of default rating, the B1 senior secured rating and the Caa1 senior unsecured rating. The outlook was revised to under review from stable.
Analysts will consider the combined firm's larger scale, diversified service offering and opportunities for synergies. The review will also focus on the growth and financial profile following the transaction, including capital structure, financial leverage, financial policies and liquidity, Moody’s said.
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