Medidata Solutions is Among the Companies in the Health Care Technology Industry With the Highest Debt to EBITDA Ratio (MDSO, MDAS, MDRX, HRT, ATHN)
Below are the three companies in the Health Care Technology industry with the highest debt to EBITDA ratios. This ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt (assuming Debt and EBITDA are constant). Typically, this ratio is considered to be alarming when it is greater than 3.0 but this can vary and should be looked at within the context of the industry.
Medidata Solutions ranks highest with a a debt to EBITDA ratio of 6.4. MedAssets is next with a a debt to EBITDA ratio of 5.6. Allscripts Healthcare Solutions ranks third highest with a a debt to EBITDA ratio of 3.7.
Arrhythmia Research Technology follows with a a debt to EBITDA ratio of 3.4, and athenahealth rounds out the top five with a a debt to EBITDA ratio of 2.6.
SmarTrend recommended that subscribers consider buying shares of MedAssets on October 8th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $21.90. Since that recommendation, shares of MedAssets have risen 43.2%. We continue to monitor MedAssets for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to ebitda ratio medidata solutions medassets allscripts healthcare solutions amex:hrt arrhythmia research technology Athenahealth