Becker's Healthcare November 12, 2024
Healthcare bankruptcies hit a five-year high in 2023, when 12 hospitals and health systems filed for bankruptcy, but the trend has slowed in 2024 as average operating margins improved across the hospital sector.
However, while hospital margins are steadily increasing, there is a growing divide between higher- and lower-performing facilities, with smaller and rural providers most at risk.
Gardner, Mass.-based Heywood Healthcare emerged from bankruptcy on Sept. 30, about one year after it filed for Chapter 11. The two-hospital system also exited bankruptcy as a standalone entity with its original leadership team intact — a rare feat among health systems.
“Emerging from bankruptcy lifted a weight off our shoulders, allowing us to maintain local control and advocate for...
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