Hospital chains return to the junkyard.
The combination of low interest rates and healthy financial prospects at hospital chains have polished the tarnished image of junk bonds, making the high-yield, high-risk instruments an option for raising capital once again. Epic Healthcare Group and Columbia Hospital Corp. already have sold junk bond issues, and a sale by Health Trust--The Hospital Co. is expected in the next few weeks.
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D002202:Capital Financing / Q000639:trends; D006777:Hospitals, Proprietary / Q000191:economics*; D007449:Investments / Q000639:trends*; D009096:Multi-Institutional Systems / Q000191:economics*; D014481:United States