JD Supra December 15, 2021
The healthcare industry has been under financial stress for years, with a record-setting number of bankruptcy filings in 2018. High filing numbers continued into 2019 and 2020, as effects from the pandemic exacerbated the situation. According to Epiq AACER reports, in 2021, there was a 48.7% decrease in Chapter 11 filings as compared to the previous year. This absence of bankruptcies, however, does not indicate that financial conditions have improved overall but rather can be directly attributed to substantial government stimulus during—and continuing through—the pandemic. While the general economy appears healthy, the healthcare economy is farther along in its financial deterioration and could very well be one of the industry sectors to seek bankruptcy protection in the coming years. Many...
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