S&P rates Matrix Medical B

S&P said it assigned its B corporate credit rating Mercury Parent LLC (dba Matrix Medical Network).

The outlook is stable.

S&P said the ratings on Matrix reflects S&P’s view that despite the company's leading market position in the CHA industry, business risk is constrained by the company's focus in this narrow niche. For this reason, S&P said it views regulatory risk from the CMS as a key credit risk because any changes to the required frequency of health assessments or regulatory changes that increased costs to Matrix or its customers could have a meaningful impact on operating results.

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