Health
Hospitals Hit Troubling Milestone in Most 1Q Defaults Since 2011
- Even high-rated systems struggling: Municipal Market Analytics
- Many local facilities lack access to capital, FTI says
Photographer: Jan Strandstrm/Folio Images/Getty Images
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Hospitals have hit another unfortunate milestone.
In the worst start to the year in more than a decade, bonds of eight hospitals lapsed into impairment — meaning they experienced covenant issues amounting to a technical or monetary default — compared to just one last year, Municipal Market Analytics data show.