Healthcare DIVE August 19, 2024
The decline doesn’t mean the sector’s financial challenges have gone away. Case volumes could increase later this year, according to healthcare restructuring advisory firm Gibbins Advisors.
Dive Brief:
- Bankruptcy filings in the healthcare sector have slowed so far in 2024 after spiking last year, according to a report by healthcare restructuring advisory firm Gibbins Advisors.
- This year is on track to see 58 filings by healthcare companies with at least $10 million in liabilities, compared with 79 cases in 2023.
- But the decline doesn’t necessarily mean the financial headwinds driving bankruptcies have lessened, according to the advisory firm. Restructuring could be taking place outside of courts, and case volumes might increase later this year, Clare Moylan, principal at Gibbins...
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