Moody's downgrades Quorum Health's CFR to Ca from Caa2 on prepackaged bankruptcy; outlook stable
Rating Action: Moody's downgrades Quorum Health's CFR to Ca from Caa2 on prepackaged bankruptcy; outlook stable. Global Credit Research- 08 Apr 2020. New York, April 08, 2020-- Moody's Investors Service today downgraded the ratings on Quorum Health Corporation, including the Corporate Family Rating to Ca from Caa2 and the Probability of Default Rating to D-PD from Caa2-PD.Quorum Health is a provider of hospital and outpatient healthcare services in its markets across the U.S. The company provides outpatient healthcare services through its hospitals and affiliated facilities, including urgent care centers, diagnostic and imaging centers, physician clinics and surgery centers. In addition, the company's wholly-owned subsidiary, Quorum Health Resources LLC (QHR), provides hospital management advisory and healthcare consulting services to non-affiliated hospitals located throughout the U.S. QHR's primary services include: Hospital Management Advisory and Operational Support, Hospital Group Purchasing, Online Solutions for Hospitals, and Education Programs.
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