Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable

Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable
Published Dec 18, 2019
8 pages (2727 words) — Published Dec 18, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based care team assistant (CTAs) provider company ScribeAmerica Intermediate Holdco LLC (d/b/a Health Channels) continues to expand and effectively position itself as a leader in this growing industry consistent with our expectations. We have recently revised our financial projections to reflect a slower pace of financial growth and improvement, but have not revised our opinion on the company's overall business. Delays in recognizing some of the benefits of its 2018 acquisition of PhysAssist, and the longer time frame to implement new contracts, are more a matter of timing and not a change in our view. We are affirming our 'B' issuer credit rating on Scribe and our 'B' issue-level rating on the company's first-lien debt. The outlook remains stable. The

  
Brief Excerpt:

...+ U.S.-based care team assistant (CTAs) provider company ScribeAmerica Intermediate Holdco LLC (d/b/a Health Channels) continues to expand and effectively position itself as a leader in this growing industry consistent with our expectations. + We have recently revised our financial projections to reflect a slower pace of financial growth and improvement, but have not revised our opinion on the company's overall business. Delays in recognizing some of the benefits of its 2018 acquisition of PhysAssist, and the longer time frame to implement new contracts, are more a matter of timing and not a change in our view. + We are affirming our 'B' issuer credit rating on Scribe and our 'B' issue-level rating on the company's first-lien debt. The outlook remains stable. + The stable outlook reflects our expectation that the company is favorably positioned for strong organic revenue growth and margin expansion. We expect little acquisition activity, limited to small internally funded tuck-ins, resulting...

  
Report Type:

Research Update

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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable" Dec 18, 2019. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ScribeAmerica-Intermediate-Holdco-LLC-Ratings-Affirmed-Outlook-Remains-Stable-2360518>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: ScribeAmerica Intermediate Holdco LLC Ratings Affirmed; Outlook Remains Stable Dec 18, 2019. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ScribeAmerica-Intermediate-Holdco-LLC-Ratings-Affirmed-Outlook-Remains-Stable-2360518>
  
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