“The CreditWatch placement reflects the recent signing of a master agreement between Good Shepherd Health System, the sole member of GSMC, and ‘A+’-rated Christus Health, in which Christus would become the sole corporate member of GSHS,” said S&P analyst Patrick Zagar.
S&P believes GSHS integrating into Christus Health will allow for greater operating efficiencies and improve GSHS’ market position.
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