Healthcare bankruptcies have soared in 2023 as heightened interest rates, federal regulatory changes, labor shortages and fears of an economic recession squeezed a sector once known as inflation resilient.
So far this year, over 80 healthcare companies with more than $10 million in liabilities have filed for bankruptcy (including Chapter 11, Chapter 7, Chapter 9 and Chapter 15), according to data from BankruptcyData.com.
Staffing firms, hospitals, pharmaceutical companies and senior living facilities are among those that have filed.
