Default Probability of the Medical Imaging Service Providers in Hungary

Sa？etak Medical imaging, providing Magnetic Resonance Imaging (MRI) services have a special, oligopolistic market in Hungary. A majority of the MRI machines are operated by private contractors in a Public Private Partnership form in major healthcare centres with defined machine-hours for public healthcare services while they can sell their remaining capacities on the market as well. Current paper analyses the default probability of this firms via Ohlson-O and Altman-Z’ ratios, based on their annual financial report data. Then, default ratios are compared to market segment- and macro-specific variables trough panel regression analysis to identify the key factors of this technology-intense sector. Finally, results are compared to public default-rate databases