This report does not constitute a rating action. We expect high-single-digit percent revenue growth in fiscal year 2027 (ending June 2027). In fiscal 2026, Project Ruby Ultimate Parent Corp. (dba WellSky) increased revenue by approximately 9%, stemming from steady growth in the software as a service (SaaS) segment and other core offerings. Growth was driven by higher bookings, strategic price increases, geographic expansion, and new client wins, especially in the post-acute and nonacute care industry, further strengthened by contributions from recent acquisitions. We expect faster digital advancement and analytics to support growth momentum into fiscal 2027, resulting in high-single-digit percent revenue growth during the year. In our view, WellSky is well positioned to capitalize on a modest shift in volume
