Number Of Chapter 11 Bankruptcy Filings In Healthcare Dropped In 2024, Report Says

Modern Healthcare (1/23, Hudson, Subscription Publication) reports, “The number of Chapter 11 bankruptcy filings in healthcare dropped significantly in 2024 from the previous year, though filings still hit historically high levels.” According to a new report from Gibbins Advisors, 57 “healthcare companies with more than $10 million in liabilities filed for bankruptcy protection in 2024, the second-highest level since 2019.” However, “the 2024 total is still down from 79 filings in 2023.” According to Modern Healthcare, “pharmaceutical companies topped the list with 14 bankruptcy filings, followed by 11 senior care companies and 10 clinics and physician practices.”