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Baltimore/Washington Healthcare Market Feels Pain Dec 99
Standard & Poors, Dec 1999
Abstract
During the past two years the Baltimore/ Washington, D.C. metro healthcare market has essentially melded to become one market in response to increasing reimbursement pressures from governmental and private sector insurers and managed care organizations. This process has not occurred smoothly and several providers currently are struggling to integrate operations and clinical functions after having recently merged or affiliated with hospitals that may have been former competitors. In the near term, mild credit pain has been felt from consolidation as some of the newly formed organizations have experienced financial difficulties with the consolidation and integration process. Moreover, debt issuance has increased to facilitate consolidation resulting in higher leverage and liquidity levels have also declined. Longer term, the consolidation might be,...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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