Identifying Value Opportunities Amid Struggling Municipal Hospitals
October 5, 2022 — It has been a rough couple of years for US hospitals, having navigated the front lines of the Covid-19 pandemic and subsequent staffing burnout. Municipal investors in the healthcare sector have seen negative returns, spurred by a combination of rapidly rising interest rates and widening credit spreads. Despite these challenges, now is not the time to shun the entire healthcare sector; rather, this represents an excellent entry point for investors willing to be selective within a sector that could provide a key yield enhancement to municipal bond portfolios.
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