S&P puts Alliance HealthCare Services on watch

S&P said it placing all of its ratings on Alliance HealthCare Services, including the B- issuer credit rating and issue-level ratings, on CreditWatch with negative implications.

“The CreditWatch placement reflects our view that the coronavirus pandemic could result in Alliance HealthCare Services losing a sizable amount of revenue, EBITDA, and cash flow in 2020 compared to our prior base-case estimates, due to the rapid decline in demand for diagnostic imaging as patients forgo discretionary scans such as mammograms and certain orthopedic scans,” S&P said in a news release.

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