The move to “B+” from “BB+” applies to both the system’s default rating and that on a series of bonds. Wise Health was also placed on a negative rating watch.
Fitch’s decision followed that of S&P Global, which downgraded Wise Health five notches Sept. 15.
The three-hospital system is the target of Dallas-based Medical City Healthcare. Wise Health must pay for any outstanding debt obligations with proceeds from the sale if it goes ahead, Fitch said in its note.
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
