US healthcare companies are sinking into debt distress as they struggle to contend with rising interest rates and labour costs after the sector borrowed heavily to fund a dealmaking boom. A fifth of America’s distressed bonds were issued by healthcare companies — spanning services, facilities, managed care and pharmaceuticals — […]
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GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investor event in New York. GE Healthcare, whose stock will trade on the Nasdaq, intends to pursue organic revenue growth […]
How one Ohio city is tackling the ‘uniquely American problem’ of medical debt
As lawmakers were being elected and constituents were voting on key ballot measures this month, one Ohio city council passed a measure with the potential to make an enormous financial impact on its community: buying out and relieving the medical debt of its residents. The Toledo City Council voted 7-5 in early November to use […]
Medical debt soars for consumers with hospital credit cards : Shots
Many hospitals are now partnering with financing companies to offer payment plans when patients and their families can’t afford their bills. The catch: the plans can come with interest that significantly increases a patient’s debt. sesame/Getty Images hide caption toggle caption sesame/Getty Images Many hospitals are now partnering with financing […]