Radiology Business August 29, 2024
Bankruptcy filings for clinics and physician practices have “surged” this year, up 60% through June 30 compared to last year’s levels.
That’s according to new research from Nashville, Tennessee-based consulting firm Gibbins Advisors, published earlier this month. Overall healthcare Chapter 11 filings have cooled compared to a spike in 2023. There were roughly 79 bankruptcy cases filed last year, with 2024 on pace for 58, a decline of 27%.
The drop in overall bankruptcy case volume is largely driven by middle-market companies with liabilities ranging from $10 million to $100 million. Conversely, filings of larger healthcare companies remain at the same elevated levels seen in 2023, with half a dozen so far this year.
“The very large bankruptcy cases...
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