Hospital operator Landmark Holdings of Florida filed for Chapter 11 bankruptcy protections on March 9, becoming the latest in a growing number of embattled providers to restructure amid financial headwinds. In first day court filings, Landmark, which owns or operates six long-term acute care hospitals across three states, said rising labor and pharmaceutical costs, as well as stagnating Medicare reimbursements, had dinged Landmark’s profitability and threatened the provider’s ability to make timely loan repayments.
Read the full article: Florida-Based Hospital Operator Landmark Holdings Files for Bankruptcy //
Source: https://www.healthcaredive.com/news/florida-based-hospital-operator-landmark-holdings-bankruptcy/742265/