Harry Bramson: Struggling CHI stands to benefit from merger with Dignity – Modern Healthcare
Harry Bramson was quoted in Modern Healthcare‘s article titled “Struggling CHI stands to benefit from merger with Dignity.”
The deal could allow the financially struggling CHI to refinance its debt based on the higher credit rating of Dignity, which would also have more negotiating leverage with payers, said Harry Bramson, a senior associate at consulting firm Conway MacKenzie.
“This is a pretty familiar story in healthcare where the acquiree takes on a lot of debt, becomes less profitable over time and then can no longer make the critical investments it needs in cap-ex, equipment and technology,” Bramson told Modern Healthcare in October. “By merging with Dignity, CHI can get help with making these investments.”