Hospitals pile junk high, but fervor subsiding.
While the junk bond market has been good to hospital companies this year--feeding them $2 billion through the sale of high-yield bonds--some say a post-election chill has cooled the junk bond fervor. One healthcare system, citing a "collapse" in the junk market, called off a $200 million hospital acquisition deal. However, many analysts say a recent slump in junk bond prices represents an oversupply of issues, not a market collapse.
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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