Healthcare DIVE March 12, 2025
Landmark, which operates six hospitals across three states, will kick off a marketing process for its facilities in the coming weeks as it seeks new capital providers or owners.
Dive Brief:
- Hospital operator Landmark Holdings of Florida filed for Chapter 11 bankruptcy protections on March 9, becoming the latest in a growing number of embattled providers to restructure amid financial headwinds.
- In first day court filings, Landmark, which owns or operates six long-term acute care hospitals across three states, said rising labor and pharmaceutical costs, as well as stagnating Medicare reimbursements, had dinged Landmark’s profitability and threatened the provider’s ability to make timely loan repayments.
- Still, Landmark told the court it expects to have enough cash on hand...
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