Senior Housing News August 15, 2024
While the number of Chapter 11 healthcare bankruptcies has declined in the past three quarters, pharmaceutical and senior housing companies still make up nearly half of all bankruptcy filings at this point in 2024.
That’s according to the latest Gibbins Advisors report, which analyzed Chapter 11 bankruptcy cases among companies with more than $10 million in liabilities ranging from 2019 through June 30, 2024.
Healthcare bankruptcies have been on a decline over the past year, and are currently around 27% lower than in 2023, according to the report. Senior housing made up 12 of the 58 filings in 2024, while pharmaceutical companies accounted for 14 filings.
Over the past five years, senior care made up 65 of the 275 bankruptcy...
Today's Sponsors
Today's Sponsor