A three-hospital system, Wise Health is the target of Nashville, Tenn.-based HCA Healthcare subsidiary Dallas-based Medical City Healthcare. The outlook is negative.
“The rating action reflects our view of Wise’s escalating operating losses, with a negative 21% operating margin in the six-month interim period, which have produced negative cash flow and continue to erode unrestricted reserves at an unsustainable rate,” said S&P Global Ratings credit analyst Concy Richards.
The threat of further deteriorating losses, if sustained, may result in eventual default, S&P warned.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
