InnovaCare Health Statement on Credit Upgrade for MMM Holdings

MMM Holdings, LLC is pleased to confirm that Standard & Poor’s (S&P) have affirmed the Company’s credit ratings and upgraded its outlook for MMM Holdings to “Stable” based upon the Company’s June 30, 2016 financial results.

Douglas Malton, the Chief Financial Officer of InnovaCare, Inc., the parent company of MMM Holdings, said that “S&P’s affirmation of the Company’s credit rating and its outlook upgrade reflect the positive and sustained financial performance of the Company’s Medicare Advantage business as well as its recently launched Government Health Plan (Medicaid) business, and are an acknowledgment of the Company’s continued ability to successfully manage the healthcare needs of our more than 475,000 beneficiaries in Puerto Rico.”

 

###

//]]>