Gibbins Advisors, a leading healthcare restructuring advisory firm, has released its Interim 2024 Report analyzing healthcare sector Chapter 11 bankruptcy cases filed from January 1, 2019 through June 30, 2024 for companies with more than $10 million in liabilities (“Healthcare Bankruptcy Filings”). After accelerating to a spike in Q3 2023, Healthcare Bankruptcy Filings have slowed over the subsequent three quarters through Q2 2024. While there were 79 cases filed in 2023, based on the current run rate (calculated by annualizing six months of cases filed through June 30, 2024) 2024 is on track to see 58 cases, which would be a decline of 27%. A closer examination of filings by case size shows that the decline in case volumes is largely driven by middle-market companies.
Read the full article: Healthcare Sector Bankruptcy Filings Have Slowed, but Financial Challenges Persist //
Source: https://gibbinsadvisors.com/healthcare-sector-bankruptcy-filings-have-slowed-but-financial-challenges-persist/