Major healthcare provider files Chapter 11 bankruptcy
A major health clinic chain has filed for bankruptcy.
The healthcare sector has battled monetary difficulty because the discontinuance of the Covid-19 pandemic as rising inflation drove up labor and working prices, liability insurance prices elevated and repayment charges declined.
Files from healthcare restructuring advisory firm Gibbins Advisors confirmed a trend of the next stage of chapter filings recorded in 2023 with seventy nine and 2024 with 57, when compared with an common of 42 filings a yr from 2019 to 2022.
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