Healthcare DIVE January 28, 2025
Still, bankruptcy filings remained elevated, with the sector reaching the second-highest amount in the past six years, according to healthcare restructuring advisory firm Gibbins Advisors.
Dive Brief:
- Healthcare bankruptcies declined in 2024, but the sector still recorded the second-highest number of filings in the past six years, according to a report by restructuring advisory firm Gibbins Advisors.
- The analysis, which tracked bankruptcies with liabilities exceeding $10 million, found 57 healthcare filings last year, down from 79 in 2023. However, the number of bankruptcies still surpasses the average of 42 filings per year from 2019 through 2022.
- The sector continues to face financial headwinds, like workforce shortages, high labor costs and pressure from payers, Gibbins said. A growing gap...
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