S&P: Team Health view stable

Standard & Poor's said it revised the outlook on Team Health Inc. to stable from negative and affirmed the B+ corporate credit rating.

"The outlook revision reflects improved cash generation and solid liquidity position," S&P analyst Rivka Gertzulin said in a statement.

The low speculative-grade rating reflects the company's highly leveraged financial risk profile, relatively thin operating margins and narrow operating focus, Gertzulin added.

"Team Health is exposed to potential reimbursement and earnings pressures, including fluctuations in professional liability costs, patient volumes and bad debt from self-insured patients," the analyst said.

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