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 -- May 22, 2014

Link to Fitch Ratings' Report: U.S. Healthcare Recovery Models - First-Quarter
2014

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=748787

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

--'Hospitals Credit Diagnosis (A Rocky Rollout of the Affordable Care Act's
Insurance Expansion)' (Jan. 13, 2014);

--'U.S. Healthcare Stats Quarterly - Third-Quarter 2013' (Jan. 2, 2014);

--'2014 Outlook: U.S. Healthcare - Secular Challenges Require a Compelling
Value Proposition' (Nov. 25, 2013);

--'Recovery and Notching Criteria for Non-Financial Corporate Issuers' (Nov.
19, 2013);

--'U.S. Leveraged Finance Spotlight Series - HCA Holdings, Inc.' (Nov. 7,
2013);

--'For-Profit Hospital Insights (Fitch's Annual Review of Bad Debt Accounting
Policies and Practices)' (Oct. 24, 2013);

--'Hospitals' Credit Diagnosis: Escalating Industry Consolidation Pressures
Credit Profiles' (Sept. 27, 2013);

--'U.S. Healthcare Stats Quarterly - Second-Quarter 2013' (Sept. 26, 2013);

--'U.S. Corporates - The Varying Effects of Affordable Care (Financial
Implications of ACA Will Vary but Credit Implications Are Universally
Limited)' (Sept. 12, 2013);

--'Corporate Rating Methodology' (Aug. 5, 2013);

--'Hospitals' Credit Diagnosis (Weak Volume Trend Possible Evidence of
Systemic Shifts in Care Delivery)' (June 28, 2013);

--'U.S. Healthcare Stats Quarterly - First-Quarter 2013' (June 25, 2013);

--'The Affordable Care Act and Healthcare Providers (Assessing the Potential
Impact)' (May 1, 2013);

--'Hospitals Credit Diagnosis (Implications of the ACA Slowly Taking Shape)'
(April 4, 2013);

--'High-Yield Healthcare Checkup: Comprehensive Analysis of High-Yield U.S.
Healthcare Companies' (Jan. 30, 2013);

--'U.S. Leveraged Finance Spotlight Series - Community Health Systems, Inc.'
(Oct. 1, 2012).

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Contact:

Fitch Ratings
Megan Neuburger
Senior Director
+1-212-908-0501
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Robert Kirby, CFA
Director
+1-312-368-3147
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com
 
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