Fitch Updates Recovery Analyses for U.S. For-Profit Hospital Operators

  Fitch Updates Recovery Analyses for U.S. For-Profit Hospital Operators

Business Wire

NEW YORK -- December 14, 2012

Fitch Ratings has published updated recovery analyses for the U.S. for-profit
hospital operators rated below 'BB-' by Fitch, including:

--Community Health Systems, Inc.;

--HCA Holdings Inc.;

--Tenet Healthcare Corp.

The interactive recovery analysis worksheets are available at
'www.fitchratings.com' under the following headers:

Rating and Research>>Corporate Finance>>Leveraged Finance>>U.S. Leveraged
Finance>>Healthcare Recovery Models

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

'Corporate Rating Methodology' Aug. 12, 2012

'Recovery and Notching Criteria for Non-Financial Corporate Issuers' May 12,
2012

'U.S. Healthcare Stats Quarterly: Second-Quarter 2012' Oct. 12, 2012

'Hospitals Credit Diagnosis' September 18, 2012

'Fitch 50 - Structural Profiles of 50 Leveraged Credits' July 26, 2012

'For-Profit Hospital Insights: Fitch's Annual Review of Bad Debt Accounting
Policies and Practices' June 21, 2012

'For-Profit Hospital Quarterly Diagnosis' June 6, 2012

Applicable Criteria and Related Research: U.S. Healthcare Recovery Models --
Third Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=696209

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=693773

U.S. Healthcare Stats Quarterly -- Second-Quarter 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=689742

Hospitals Credit Diagnosis: Operating Trends Remain Weak but Solid Liquidity
Supports Credit Profiles

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688491

Fitch 50 -- Structural Profiles of 50 Leveraged Credits - Amended

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685134

For-Profit Hospital Insights: Fitch's Annual Review of Bad Debt Accounting
Policies and Practices

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681330

For-Profit Hospital Quarterly Diagnosis

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=680916

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Contact:

Fitch Ratings
Megan Neuburger
Senior Director
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Fitch, Inc.
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or
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