...NEW YORK (Standard & Poor's) Nov. 13, 2015--Standard & Poor's Ratings Services said today that its ratings on Brentwood, Tenn.-based RegionalCare Hospital Partners, including its 'B' corporate credit rating, are not affected by the announcement by RegionalCare's financial sponsor that it has agreed to sell the company to Apollo Management, and will seek to launch a change-of-control waiver to facilitate the sale. Our 'B' corporate credit rating reflects our assessment of RegionalCare's "vulnerable" business risk and "highly leveraged" financial risk profiles. Our assessment of a "vulnerable" business risk profile highlights the company's reliance on a relatively small, concentrated hospital portfolio; local market competition for physicians and patients; and its exposure to a volatile reimbursement environment. Our assessment of a "highly leveraged" financial risk profile reflects our expectation that RegionalCare's leverage, including its debt-like preferred stock, will be near 9x and...
