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  • Title: Hospitals pile junk high, but fervor subsiding.
    Author: Lutz S.
    Journal: Mod Healthc; 1992 Nov 30; 22(48):50, 52. PubMed ID: 10122265.
    Abstract:
    While the junk bond market has been good to hospital companies this year--feeding them $2 billion through the sale of high-yield bonds--some say a post-election chill has cooled the junk bond fervor. One healthcare system, citing a "collapse" in the junk market, called off a $200 million hospital acquisition deal. However, many analysts say a recent slump in junk bond prices represents an oversupply of issues, not a market collapse.
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