Gibbins Advisors, a leading healthcare restructuring advisory firm, has published its annual 2024 report of healthcare sector Chapter 11 bankruptcy filings for cases with liabilities exceeding $10 million. The year saw the second-highest level of healthcare bankruptcy filings in the past six years (2019-2024), with filings decreasing by 28% from the peak in 2023. There were 57 healthcare bankruptcy filings studied in 2024, down from 79 in 2023, but exceeding the 2019-2022 average of 42 filings per year. Middle-market cases, defined as those with liabilities between $10 million and $100 million, declined significantly, dropping by one-third from 51 in 2023 to 34 in 2024.
Read the full article: Healthcare Sector Bankruptcy Filings Have Slowed, but Financial Challenges Persist //
Source: https://gibbinsadvisors.com/healthcare-sector-bankruptcy-filings-in-2024-reach-second-highest-level-in-six-years/