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15 healthcare bankruptcies 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 ]