Health Care Industry Remains Unattractive to Lenders
The health care industry continues to be held in low esteem by 84% of lenders responding to this quarter's Phoenix Lending Survey. It is the fourth, consecutive quarter the industry has led the list of least attractive industries to lenders.
The 86 lenders participating in the February survey echoed the attitudes of last quarter, when 85% said they would not lend to a health care concern. That 85% was the lowest grade any industry has ever received from lenders since the survey was begun in 1995.
"The prognosis for the health care industry remains grim," said E. Talbot Briddell, president of Phoenix Management Services, a Philadelphia-based turnaround management …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Health Care Industry Remains Unattractive to Lenders. Contributors: Not available. Magazine title: The Journal of Lending & Credit Risk Management. Volume: 82. Issue: 8 Publication date: May 2000. Page number: 46. © 1996 The Risk Management Association. COPYRIGHT 2000 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.