15 healthcare bankruptcies in 2024

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15 healthcare bankruptcies in 2024

//business-finance.news-articles.net/content/2024/12/03/15-healthcare-bankruptcies-in-2024.html

Published in Business and Finance on Tuesday, December 3rd 2024 at 15:01 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Check out 15 hospitals, health systems, and healthcare organizations that Becker's has reported as seeking or exiting bankruptcy protection in 2024.

The article from Becker's Hospital Review, published on January 16, 2024, lists 15 healthcare organizations that have filed for bankruptcy in 2024. These bankruptcies span various sectors within healthcare, including hospitals, nursing homes, and medical device companies. Notable mentions include GenesisCare, a global oncology provider, which filed for Chapter 11 bankruptcy in the U.S. to restructure its $1.5 billion debt. Other entities include nursing home operators like Petersen Health Care and hospitals like Crozer Health, which faced financial difficulties due to a combination of factors such as rising operational costs, declining patient volumes, and shifts in reimbursement models. The article highlights the ongoing financial strain in the healthcare industry, exacerbated by economic pressures, regulatory changes, and the lingering effects of the global health crisis.

Read the Full Becker's Hospital Review Article at:
[ https://www.beckershospitalreview.com/finance/15-healthcare-bankruptcies-in-2024.html ]

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