Envision Healthcare is on the verge of bankruptcy

Envision Healthcare is on the verge of bankruptcy

Envision Healthcare, the large chain of outpatient surgery centers and medical staffing services for hospitals, is on the verge of bankruptcy and will likely run out of cash by the end of next year.

Moody’s Investors Service on Wednesday downgraded Envision’s debt to its lowest possible rating, saying the debt is “generally in default, with little prospect of collection of principal and interest.” Envision’s debt has been in trouble since the start of the pandemic – affecting many lenders and investors – but now financial analysts are warning that the healthcare company is on borrowed time.

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