Skip to content
Subscriber Only
Markets
Deals

Hospitals Race to Secure Big Credit Lifelines From Wall Street

  • ‘Banks are being overwhelmed -- it’s not just health care’
  • Double blow from virus, delays in elective procedures
Construction at New York-Presbyterian's Northern Manhattan Field Hospital at Columbia University's Baker Athletic Complex in New York on April 11.
Construction at New York-Presbyterian's Northern Manhattan Field Hospital at Columbia University's Baker Athletic Complex in New York on April 11.Photographer: Misha Friedman/Getty Images

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

Banks are being inundated with requests from hospitals for new lines of credit as they combat the spread of the coronavirus and see a steep drop in revenue because all but the most essential operations are postponed.