Becker's Healthcare April 17, 2024
Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, according to a report published April 17 by the Private Equity Stakeholder Project.
Eight things to know:
1. Air Methods, a helicopter ambulance business, and physician staffing companies Envision Healthcare and American Physician Partners were among the most high-profile private equity-owned healthcare companies to file for bankruptcy last year.
2. The number of private equity healthcare bankruptcies has increased significantly in recent years. In 2019, there were eight private equity healthcare bankruptcies, marking a 112.5% increase over the last five years.
3. About 460 U.S. hospitals are owned...
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