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Months before the Palomar Health downgrade, BondWave Muni News users knew there was going to be trouble

Multi-Year Warning

By harnessing the power of data collection, Natural Language Processing (NLP), and other AI techniques, you can glean insights into emerging issues with municipal obligors (and associated muni bonds at the CUSIP level). Our AI-driven content enables businesses to make sense of the overabundance of news and other unstructured data sources in real-time.

Case in Point – Palomar Health

Palomar Health, based in Escondido, CA, experienced several credit rating downgrades from both the “Big Three” ratings agencies in 2024 and into 2025. For BondWave Muni News users monitoring this obligor, these developments came as no surprise. Over the past few years, our platform identified and highlighted several key risk indicators—including persistent staffing shortages, increased competition, a significant data breach, and ongoing financial distress. These events served as early warning signs, underscoring the value of proactive monitoring of your investment portfolio.

BondWave surveils all U.S. muni obligors and provides early warnings on material changes. You can use our AI platform to monitor and analyze hundreds of thousands of articles a day, simplifying research processes from 10 hours down to as little as 10 minutes. And that research is made more fruitful by revealing trends and educated predictions.

BondWave Muni News Timeline of Events for Palomar Health

BondWave Muni News Timeline: Palomar Health. Showing evaluated prices from December 2022 through May 2025 when there was a steep drop to 93, noting, "Avoid this outcome with BondWave Muni News." A total of 11 BW Muni News notifications are listed throughout the timeline plus 10 ratings events that occurred. In their rating rationale, ratings agencies referenced 6 stories identified by BondWave Muni News (indicated by red numbers on the timeline).

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DATEEVENTSTORY IDENTIFIED BY MUNI NEWS
11/25/2024Financial Distress​
https://www.sandiegouniontribune.com/2024/11/25/signs-of-financial-distress-visible-at-palomar-health/
09/27/2024Loss of Service Agreement​https://myvalleynews.com/blog/2024/10/31/palomar-health-medical-group-and-graybill-medical-group-reach-new-agreement
06/13/2024Loss of Support​
https://voiceofsandiego.org/2024/06/04/escondido-dem-club-dumps-palomar-health-board-members-amid-fear-of-privatization
05/13/2024Data Breach​http://ct.moreover.com/?a=53803995665&p=5jw&v=1&x=-2w5IwIhkC52rm9o-fR4mg
04/05/2024Shutting Down Unit​https://fox5sandiego.com/news/local-news/palomar-health-closing-behavioral-health-unit-in-poway
02/29/2024Outside Management 
Firm Enlisted​
https://voiceofsandiego.org/2024/02/28/north-county-report-palomar-health-is-making-big-management-moves
12/08/2023Poor 2023 Performance​https://voiceofsandiego.org/2023/12/08/palomar-health-ceo-promised-big-financial-gains-but-fell-short
11/15/2023Management Changes Needed​https://www.sandiegouniontribune.com/news/health/story/2023-11-14/palomar-board
11/04/2023Lawsuit​https://www.kpbs.org/news/health/2023/11/03/palomar-health-director-sues-district-for-alleged-first-amendment-violation
07/31/2023Competition from Kaiser​https://www.sandiegouniontribune.com/news/health/story/2023-07-31/opening-of-kaiser-hospital-could-push-palomar-health-into-the-red
04/12/2023Staff Shortages​https://www.times-advocate.com/articles/palomar-health-launches-100000-nurse-incentive-and-recruitment-program

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