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).  ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.  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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