Moody’s Investors Services put together a report on the companies with a credit rating of B3 negative and lower.
The 34 healthcare companies on the B3N list have nearly $65 billion in outstanding debt; that’s almost double the $33 billion in debt from January 2019, before the COVID-19 pandemic in most of the world.
The 10 B3 negative and lower healthcare companies with the most debt as of June 2022 are:
1. Envision Healthcare: $7.9 billion
2. Team Health: $3.3 billion
3. Radiology Partners: $3.3 billion
4. U.S. Renal Care: $2.2 billion
5. National Mentor: $2 billion
6. Air Methods: $2 billion
7. LifeScan Global: $1.4 billion
8. Aveanna Healthcare: $1.3 billion
9. Pluto Acquisition I: $1.3 billion
10. Akumin: $1.2 billion