Irhythm Technologies (IRTC) has disclosed a new risk, in the Corporate Activity and Growth category.
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The holding company’s ability to service its obligations, including guarantees of iRhythm Technologies’ 2029 Notes, is entirely dependent on cash flows upstreamed from iRhythm Technologies and its subsidiaries. Because those subsidiaries are separate legal entities with no obligation to provide dividends, loans or other payments, and such transfers may be restricted by law or contract, creditors of the holding company face meaningful structural subordination risk.
Overall, Wall Street has a Strong Buy consensus rating on IRTC stock based on 12 Buys and 1 Hold.
To learn more about Irhythm Technologies’ risk factors, click here.