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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="Anonymous, post: 4086585"]And the trimming begins. Time to rearrange the deck chairs!</p><p><br /></p><p> "And Medi Media USA Inc., a healthcare IT services provider backed by Vestar Capital Partners, took a one-notch downgrade. "There was some mismanagement of an acquisition that led to quality issues, and resulted in increased expenses that caused Ebitda to fall," says S&P credit analyst Jeanne Shoesmith. MediMedia breached its maximum leverage covenant and now needs an amendment or waiver.</p><p><br /></p><p>Debt-burdened companies are susceptible to higher financing costs and leverage ratios while the unencumbered collateral declines. As Castellano says: "You have the combined effect of higher leverage and lower valuation on assets while operating in sectors vulnerable to weak general economic conditions and consumer sentiment." He adds: "There aren't many options other than to fix operations. And sometimes that would require true restructuring."</p><p><br /></p><p>Vyvyan Tenorio writes about private equity for The Deal magazine.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 4086585"]And the trimming begins. Time to rearrange the deck chairs! "And Medi Media USA Inc., a healthcare IT services provider backed by Vestar Capital Partners, took a one-notch downgrade. "There was some mismanagement of an acquisition that led to quality issues, and resulted in increased expenses that caused Ebitda to fall," says S&P credit analyst Jeanne Shoesmith. MediMedia breached its maximum leverage covenant and now needs an amendment or waiver. Debt-burdened companies are susceptible to higher financing costs and leverage ratios while the unencumbered collateral declines. As Castellano says: "You have the combined effect of higher leverage and lower valuation on assets while operating in sectors vulnerable to weak general economic conditions and consumer sentiment." He adds: "There aren't many options other than to fix operations. And sometimes that would require true restructuring." Vyvyan Tenorio writes about private equity for The Deal magazine.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma Industry Support Services
>
MediMedia
>
Layoffs?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma Industry Support Services
>
MediMedia
>
Layoffs?
>