Major healthcare provider files Chapter 11 bankruptcy
The operator of several specialty hospitals files for bankruptcy to reorganize its businesses.
The healthcare sector is facing financial headwinds in 2025 after finishing 2024 with the second-highest level of bankruptcy filings over six years of 2019-2024.
The good news last year was that filings decreased by 28% to 57 bankruptcies in 2024 from a peak of 79 in 2023. However, those numbers exceeded the average of 42 filings per year from 2019 to 2022, according to an annual survey by advisory firm Gibbins Advisors.
