S&P drops Insight Health

Standard & Poor's said it lowered its ratings on Insight Health Services Corp., including the corporate credit rating lowered to B- from B.

The outlook is negative.

S&P said that the rating downgrade reflects continuing deterioration in the company's financial performance.

The agency noted that the rating on InSight reflects the highly fragmented and competitive nature of the medical imaging industry, the limited barriers to competitor entry and reimbursement risk.

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