TITLE

Rough ride ahead: Moody's sees trouble for THR since swift acquisition

AUTHOR(S)
Selvam, Ashok; Evans, Melanie
PUB. DATE
August 2011
SOURCE
Modern Healthcare;8/15/2011, Vol. 41 Issue 33, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the acquisition of Medical Edge Health Group by the Texas Health Resources (THR), announced in December 2010. According to Moody's Investors Service, the integration of the 400 new employees remains to be a primary challenge for THR management. The forecast of a rough financial path for THR by Moody is based partly on the debt of 200 million U.S. dollars outside the obligating group including the 20 million U.S. dollars guaranteed debt from the Medical Edge acquisition.
ACCESSION #
64484508

 

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