S&P says risk of hospital operator defaults plummet from last year's highs

The risk of healthcare facilities defaulting on their debt has dropped significantly from nearly a year ago, according to a new report from S&P Global Market Intelligence. The median probability of default for healthcare facilities within the next year was just 0.9% this week. In late April 2020, at the height of uncertainty from the COVID-19 pandemic, it was 8.1%.