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Biotech / Medical : PHP Healthcare

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To: Chris O'Keefe who wrote (82)7/29/1998 2:58:00 PM
From: Rock_nj  Read Replies (1) of 136
 
Things don't look too bad for PHP:

Standard & Poor's expects PHP to generate about 3 times cash flow coverage of interest expense in fiscal 1999.
Additionally, the company should receive monies for a settlement with the city of Washington, D.C., and the sale of
PHP's 30% interest in Connecticut Health Enterprise, providing further liquidity. Standard & Poor's will monitor the
company's strategic moves and evaluate them with management before taking further action. -- CreditWire
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