Becker's Healthcare February 8, 2025
Healthcare private equity firms have been at the center of controversy in recent months after a year of notable Chapter 11 filings and increased regulatory scrutiny from a number of states.
During the first half of 2024 alone, nine private equity-owned healthcare companies filed for Chapter 11 protection, comprising 23% of all healthcare bankruptcies during that six-month period, according to data from the Private Equity Stakeholder Project. In 2023, private equity-owned companies represented 21% of the 90 largest healthcare companies that filed for bankruptcy.
At least six major private equity-owned companies defaulted on their debt profile but managed to avoid bankruptcy through restructuring efforts and distressed debt exchanges, according to PESP. As of August 2024, private equity owned,...
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