McKnight’s Senior Living May 18, 2024
Chapter 11 bankruptcies in healthcare, including senior living reached a multiyear high in the first quarter of 2024. That’s according to the newest Polsinelli-TrBK Distress Indices Report, published Wednesday.
“We continue to see intense stress in senior living,” Jeremy R. Johnson, a bankruptcy and restructuring attorney at Polsinelli and co-author of the report, said in a press release issued in conjunction with the report. “We have seen several skilled nursing operators singing a similar refrain in the senior living space, with inflation, staffing issues, difficulty in providing profitable care in rural areas, and COVID, all putting pressure on operations.”
Polsinelli shareholder attorney David E. Gordon echoed these comments about senior living, which the report defined as independent living, assisted...
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