According to a new report released by Gibbins Advisors, healthcare bankruptcy filings in the first six months of 2023 are trending materially higher than historical filings, with 40 bankruptcies filed through June 2023 compared to 46 filings in the full year of 2022.
If trends continue at this annualized rate, the healthcare restructuring advisory firm says the market could see 80 healthcare bankruptcy filings in 2023, eclipsing the last two years combined. That would be a 74% increase from 2022 and three times the level seen in 2021, Health Leaders Media reports.
Factors behind the increase include capital market constrraints, labor and supply cost pressures, market returns and more. Read more.
