Becker's Healthcare March 13, 2025
St Cape Girardeau, M0.-based Landmark Holdings of Florida, the operator of six long-term acute care hospitals, on March 9 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida, according to court documents obtained by Becker’s.
The move comes as the company grapples with mounting financial challenges, including rising labor costs, declining Medicare reimbursements and liquidity constraints.
Landmark operates five LTAC hospitals in Athens, Ga.; Savannah, Ga.; Cape Girardeau, Mo.; Columbia, Mo.; and Joplin, Mo. It also manages a sixth facility in Lehigh Acres, Fla., but does not own it.
The company has struggled to maintain financial stability in the wake of the COVID-19 pandemic. Initially, the company saw an influx of patients due...
Today's Sponsors
Today's Sponsor