Bond insurers put the squeeze on strapped hospitals. Credit enhancers pressure some facilities to pay off their debt by merging--or else.
Struggling hospitals are making their bond insures nervous. So the credit enhancers are getting tough with strapped facilities. Find a deep-pocketed partner or we'll call your bonds, is the message some hospitals are getting. Hospital CEO Edward Solvabile (left) knows that story firsthand.
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D016361:Bankruptcy; D002202:Capital Financing / Q000639:trends*; D003132:Commerce; D005377:Financial Management, Hospital / Q000639:trends*; D006273:Health Facility Merger / Q000191:economics*; D007341:Insurance / Q000639:trends*; D010414:Pennsylvania; D014481:United States