Becker's Healthcare March 13, 2025
Healthcare bankruptcies stabilized somewhat in 2024, but financial pressures have carried over into 2025. Amid rising costs, workforce shortages and reimbursement challenges, many hospitals, health systems and healthcare organizations have been pushed to seek bankruptcy protection.
Additionally, a shift in patient volumes and regulatory changes have further strained finances, forcing some hospitals to restructure or close.
Below are seven hospitals, health systems, and healthcare organizations that Becker’s has reported as seeking or exiting bankruptcy protection in 2025:
1. Cape Girardeau, Mo.-based Landmark Holdings of Florida, a six long-term acute care hospital operator, sought Chapter 11 protection March 9. The company has struggled with growing financial challenges, like declining Medicare reimbursements, rising labor costs and liquidity constraints.
2. West...
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