TITLE

Health Care Boost

AUTHOR(S)
Shields, Yvette
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that in January 2006, the credit rating of Lake Region Healthcare Corp. (LRHC) was upgraded from BBB-plus to A-minus by Standard & Poor's. It impacts LRHC's $7 million issue from 2002 and its $4.8 million issue from 1995 for LRHC's long-term care facilities. According to analyst Suzie Desai, LRHC has a strong business position and limited competition. It has 95% market share in the primary service area. The company has also shown solid and consistent financial performance.
ACCESSION #
19724584

 

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