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Wednesday, June 28, 2006

Healthcare crisis: could Boomers be affected?

"As baby-boomers enter their golden years, most would assume that the hospital business would be a safe bet for investors. Not so. U.S. for-profit corporate hospitals are currently facing a heap of problems ranging from aggressive company strategies to industry-wide weaknesses. Most for-profit corporate hospitals' credit quality have eroded, and hope for a cure anytime soon is not looking good. As a result, Standard & Poor's Ratings Services believes that the ratings outlook for the remainder of 2006 and into 2007 is decidedly negative. Of the 14 rated companies in the sector, 67% have negative rating outlooks, versus 17% in 2003."

"Health Crisis Hits Hospitals"
Forbes.com

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