Operating performance is weaker through the nine months ended May 31, 2016 due to a slight deterioration in payor mix; however, profitability is still adequate for the rating level.RELATIONSHIP WITH STANFORD UNIVERSITY: Fitch views SHC's close and collaborative relationship with Stanford University (rated 'AAA'; Outlook Stable) and Lucile Packard Children's Hospital (rated 'AA'; Outlook Stable) as positive credit factors.SHC Capital Asia has inked a non-binding memorandum of understanding (MOU) with two corporate entities and two individuals to acquire tourism and hospitality businesses in Myanmar.Based on preliminary estimates by the vendors, the indicative price for the potential acquisition is around S million (.1 million).EXCELLENT CLINICAL AND RESEARCH REPUTATION: SHC's strong reputation and brand recognition for excellent tertiary and quaternary care and state of the art clinical research conducted by faculty physicians is a key credit strength as it increases its geographic footprint in the Bay Area and beyond. CONSTRUCTION PROGRESS: SHC's progress on its billion master facility plan is on-time and on budget.The new facility is expected to be completed by December 2017 with transition to the new Stanford Hospital by spring 2018.
31 year ended) with strong operating profitability, good liquidity, and solid debt service coverage.
Due to the long latency period associated with asbestos exposure, many individuals who were exposed 20, 30 or even 50 years ago have only now been diagnosed with mesothelioma and may be eligible to apply for compensation from the established asbestos bankruptcy trust system.
Several asbestos companies, starting in the 1970s and through today, faced a significant amount of lawsuits from current and future asbestos victims and decided to file for bankruptcy protection as a result.
Li Heng Chemical Fibre Technologies, a high-end nylon fibre maker, will be delisted from Singapore Exchange (SGX).
This follows a cash offer from its major shareholder with its public float falling below the mandatory 10 per cent.
Filing for both usually comes about when a single asbestos-related disease was caused by several companies’ negligence.