Quorum Health Corporation: Update to credit analysis following downgrade of CFR to Ca on Chapter 11 bankruptcy filing
Quorum's credit profile is constrained by very high financial leverage, weak liquidity, and high interest costs, some of which we expect will be reduced in bankruptcy.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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