New York, July 31 (FinanceEnquiry.com) – Analysts at Moody’s Investors Service reported that Sunquest’s acquisition by Roper Industries (NYSE: ROP) is credit positive.
In a research note published yesterday, the analysts mention that Sunquest Information Systems Inc has entered into a definitive agreement to be acquired by Roper Industries (NYSE: ROP) for around $1.415 billion and considered it to be credit positive.
Sunquest’s existing ratings have not been affected, though Moody’s withdraws all of the company’s ratings at the close of the transaction.
Sunquest Information Systems has its headquarters in Tucson, AZ and is a leading provider of diagnostic laboratory information systems to hospitals, mainly in the US and mainly in UK and Canada. The company generated $18 billion in GAAP revenue for the trailing twelve months, ended on February 29, 2012, the analysts say.
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